Alpha has the following adjusted trial balance at the end of the year. On the basis of its annual physical count of inventory at year-end, Alpha determined that its ending inventory was $45,000. Debit Credit $ 9.000 15,000 36,000 2,000 60,000 Cash Accounts receivable Inventory Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Utilities payable Income tax payable Unearned sales $30,000 12.000 3,000 6,000 4,000 1,000 revenue Common stock 56,000 Retained earnings 15,000 Dividends 8,000 Sales 135,000 Sales returns and 6,000 allowances Purchases 51,000 Purchase discounts 3,000 Rent expense 24,000 Salaries expense 45,000 Depreciation 6,000 expense Income tax expense 3,000 Total $265,000 $265,000 Using this trial balance, net income for the year is