Accounts payable Accounts receivable $11,300 12,800 Accumulated depreciation-equipment 38,700 Advertising expense 20,800 Cash 13,800 Common stock 99,000 Depreciation expense 13,000 Dividends 15,900 Equipment 245,000 Insurance expense 3,800 Notes payable 90,000 Prepaid insurance 6,400 Rent expense 15,200 Retained earnings (beginning) 14,000 Salaries and wages expense 35,600 Salaries and wages payable 3,400 Service revenue 135,000 Supplies 3,200 Supplies expense 5,900 (a) Calculate the net income. Net income