A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned fees Retained earnings Dividends Fees earned Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 1,165 490 5,500 340 370 260 16,020 380 3,040 505 6,400 565 12,980 3,550 12,120 565 490 3,400 4,000 505 Rent expense Salaries expense A