1. 

_CE'hF,498 Accounts Receivable 2,234 Prepaid Expenses 784 Equipment 14,651 Accumulated Depreciation 6,095 Accounts Payable 1,539 Notes Payable 4,626 Common Stock 1,000 Retained Earnings 10,272 Dividends 308 Fees Earned 6,422 Wages Expense 3,354 Rent Expense 853 Utilities Expense 466 Depreciation Expense 227 Miscellaneous Expense 79 Totals 29,954 29,954 Determine the net income (loss) for the period. (Va. Net income $635 Cb, Net loss $635 '\"c. Net loss $1,443 ('41. Net income $1,443