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 per 5,500 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned fees Owner, Capital Owner, Withdrawals Fees earned Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 1,165 490 340 370 260 16,020 380 3,040 505 6,400 565 12,980 3,550 12,120 to 3,400 4,000 505 535 Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense-equipment Totals 340 260 380 2,540 4,540 34,540 2,540 Multiple Choice $2,540