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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 2,045
Accounts receivable 1,070 945
Prepaid insurance 1,670 720
Supplies 400 185
Equipment 8,390
Accumulated depreciationequipment 790 260
Accounts payable 1,210
Common stock 9,530
Dividends 1,120
Fees earned 7,320 945
Rent expense 1,370
Salaries expense 2,370
Utilities expense 415
Insurance expense 720
Supplies expense 185
Depreciation expenseequipment 260
Totals 18,850 18,850 2,110 2,110

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