Liquor Store Co. had the following accounts and balances at December 31: Account Debit Credit Cash $ 10,000 Accounts Receivable 2,000 Prepaid Insurance 2,400 Supplies 1,000 Accounts Payable $ 5,000 T. Happy, Capital 4,900 Service Revenue 7.000 Salaries Expense 500 Utilities Expense 1.000 Totals $ 16,900 $ 16,900 Using the information in the table, calculate the company's reported net income for the period. Select one: O a. $8,500 O b. $1,100 O c. $4,000 O d. $5,500 aiz/attempt.php?attempt=895465&cmid=858143&page=42+