Novelty Toys, Inc. Trial Balance December 31, 20 Cash $ 7,750 Accounts Receivable 6.375 Office Equipment 11.250 Accumulated Depreciation $ 3,000 Accounts Payable 3.875 Capital Stock 11.250 Retained Earnings -0- Dividends 3.750 Fees Earned 22,750 Salaries Expense 8,000 Advertising Expense 1.625 Depreciation Expense 2.125 $40.875 $40.875 Refer to the information above. Net income for the period equals: $11,000. $11,250. $18,375. $5,800