me Left:1:43:39 Elena Rafac: Attempt 1 Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Income Balance Balance Statement Sheet Account Title Dobit Credit Debit Credit Debit Credit Cash 48,000 48,000 Accounts Receivable 18,000 18,000 Supplies 6,000 6,000 Equipment 57,000 57,000 Accumulated Depr. 18,000 18,000 ime Left:1:43:32 Accounts Elena Rafac: Attempt 1 Payable 25,000 25,000 Wages Payable 6,000 6,000 Common Stock 30,000 30,000 Retained Earnings Dividends Fees Earned 3,000 3,000 155,000 Wages Expense 63,000 63,000 Rent Expense 27,000 27,000 Depreciation Expense 15,000 15,000 155,000 3,000 3,000 Depreciation Expense Totals Net Income (Loss) 15,000 15,000 237,000 237,000 105,000 155,000 132,000 82,000 50,000 50,000 155,000 155,000 132,000 132,000 The entry to close Income Summary would be The entry to close Income Summary would be debit Common Stock, $50,000; credit Income Summary, $50,000 debit Income Summary, $155,000; credit Common Stock, $155,000 debit Income Summary, $50,000; credit Retained Earnings, $50,000 debit Common Stock, $9,000; credit Income Summary, $9,000 Question 12 (Mandatory) (5 points) Using the following information, what is the amount of net income