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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?

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?

Unadjusted Trial Balance Adjustments
Debit Credit Debit Credit
Cash 2,005
Accounts receivable 1,030 905
Prepaid insurance 1,630 680
Supplies 360 145
Equipment 8,350
Accumulated depreciationequipment 750 220
Accounts payable 1,170
Retained earnings 9,290
Dividends 1,080
Fees earned 7,280 905
Rent expense 1,330
Salaries expense 2,330
Utilities expense 375
Insurance expense 680
Supplies expense 145
Depreciation expenseequipment 220
Totals 18,490 18,490 1,950 1,950

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