Adjusted Trial Balance December 31 Cash 5,013 Accounts Receivable 2,478 677 13,196 9,110 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock 1,648 5,118 1,000 2,524 Retained Earnings Dividends 893 Fees Earned 7,105 Wages Expense 2,708 846 Rent Expense Utilities Expense 375 266 53 26,505 26,505 Depreciation Expense Miscellaneous Expense Totals Determine the net income (loss) for the period. Net income $1.964 Net loss 51,964 Net loss 52,857 Net income $2,857