December 31 Account No. Debit Balances Credit Balances 6,530 2,100 700 12 ccounts Receivable repaid Expenses quipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 13,700 18 19 21 1,100 1,900 4,300 12,940 31 32 41 51 52 53 790 9,250 2,500 1,960 775 250 59 29,490 Use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period. Oa. Net loss is $790 b. Net income is $9,250 O c. Net loss is $5,670. O d. Net income is $3,580