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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 1,975
Accounts receivable 1,000 875
Prepaid insurance 1,600 650
Supplies 330 115
Equipment 8,320
Accumulated depreciationequipment 720 190
Accounts payable 1,140
Retained earnings 9,110
Dividends 1,050
Fees earned 7,250 875
Rent expense 1,300
Salaries expense 2,300
Utilities expense 345
Insurance expense 650
Supplies expense 115
Depreciation expenseequipment 190
Totals 18,220 18,220 1,830 1,830

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