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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 1,155
Accounts receivable 480
Prepaid insurance 5,400 330
Supplies 360 250
Equipment 15,720
Accumulated depreciationequipment 370
Accounts payable 2,940
Salaries payable 495
Unearned fees 6,300 555
Retained earnings 12,780
Dividends 3,450
Fees earned 11,790 555
480
Rent expense 3,300
Salaries expense 3,900 495
Utilities expense 525
Insurance expense 330
Supplies expense 250
Depreciation expenseequipment 370
Totals 33,810 33,810 2,480 2,480

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