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Calculate net income or net loss by completing the calculation below. (Use parentheses or a minus sign when entering a net loss.) Total revenues Total
Calculate net income or net loss by completing the calculation below. (Use parentheses or a minus sign when entering a net loss.) Total revenues Total expenses Net income (net loss) = - Data Table Baker Specialties, Inc. Trial Balance December 31, 2021 Cash $ 13,000 Accounts receivable 49,000 Prepaid expenses 5,000 103,000 225,000 Building Equipment Accounts payable Note payable $ 50,400 94,000 Common stock 65,000 Retained earnings 174,600 Dividends 20,000 Service revenue 160,000 Rent expense 55,000 Advertising expense 3,000
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