Centurion Company had the following accounts and balances at December 31: Account Debit Credit Cash S 10,600 Accounts Receivable 2,120 Prepaid Insurance 2,640 Supplies 1,120 Accounts Payable $ 5,300 T. Happy, Capital 5,260 Service Revenue 7,600 Salaries Expense 560 Utilities Expense 1,120 Totals 5 18,160 $ 18,160 Using the information in the table, calculate the company's reported net income for the period. A $1,220 B 54,180 54,740 $11,120 $5,920