No. Balances Balances Cash 11 5,874 Accounts Receivable 12 2,929 13 602 18 13,107 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable 19 1,387 1,684 21 Notes Payable 22 4,219 31 13,720 Bob Steely, Capital Bob Steely, Drawing 32 834 Fees Earned 41 6,791 Wages Expense 51 3,027 Rent Expense 52 736 53 360 Utilities Expense Depreciation Expense Miscellaneous Expense 54 229 59 103 Totals 27,801 27,801 Determine the net income (loss) for the period. a. Net income is 527,801 b. Net loss is $2,336, c. Net loss is 55.722 ha nema