Debit	Credit
Cash	4,400
Accounts Receivable	2,000
Prepaid Insurance	1,600
Equipment	15,000
Accumulated Depreciation - Equipment		3,000
Accounts Payable		2,400
Note Payable		3,920
Unearned Fees		3,200
Common Stock		5,000
Retained Earnings		2,700
Dividends	2,000
Fees Earned		37,000
Wages Expense	19,000
Depreciation Expense	1,800
Utilities Expense	320
Insurance Expense	700
Maintenance Expense	7,700
Income Tax Expense	2,700
	57,220	57,220

Use the Adjusted Trial above to calculate the Net Income (or Net Loss), and the Retained Earnings balance.