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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?

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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? Unadjusted Trial Balance Debit Credit 1,145 Adjustments Debit Credit 470 5,300 350 15,420 320 240 360 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation equipment Accounts payable Salaries payable Unearned fees Owner, Capital Owner, Withdrawals Fees earned 2,840 485 545 6,200 12,580 3,350 11,460 545 470 3,200 3,800 515 485 Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense-equipment Totals 320 240 360 2,420 33,080 33,080 2,420 Multiple Choice O $2,420. O $3,555. O $3,945. $4,100. $9,600

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