Determination of Net Income and Stockholders' Equity The following selected income statement and balance sheet information is available for Zerbst Land Appraisers at the end of the current month: Accounts payable. .. Salaries expense Appraisal fees earned Common stock.... Retained earnings (beginning) Supplies... Accounts receivable Utilities expense $6,900 18,000 $ 4,000 15,000 31,000 15,000 5,000 700 Supplies expense. Rent expense Cash... 1,300 3,500 3,600 Calculate the net income or net loss for the month. If stockholders made no additional investment during the month but received $7,000 as a divi- dend, what is the amount of retained earnings at the end of the month? a. b