Cash 6,065 2,661 664 Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable 13,175 1,620 1,439 4,250 Common Stock 1,000 Retained Earnings 11,311 Dividends 933 Fees Earned 7,656 2,322 834 Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 355 217 50 Totals 27,276 27,276 Determine the net income (loss) for the period. a. Net income $2,945 b. Net loss $2.945 c. Net loss $3,878 d. Net income $3,878