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? Adjustments Debit Credit 1,025 800 265 Unadjusted Trial Balance Debit Credit 2,125 1,150 1,750 480 8,470 870 1,290 10,010 1,200 7,400 1,450 2,450 495 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable owner, Capital Owner, Withdrawals Fees earned Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense-equipment Totals 340 1,025 800 265 340 2,430 19,570 19,570 2,430 Multiple Choice $3,005 $4,030. $1,600 O $1.940 $2,625