Oregon Company
Adjusted Trial Balance
For the Year ended December 31, 2016
Cash	$ 6,030
Accounts Receivable	2,100
Prepaid Expenses	700
Equipment	13,700
Accumulated Depreciation		$ 1,100
Accounts Payable		1,900
Notes Payable		4,200
Capital Stock		12,940
Dividends	790
Fees Earned		8,750
Wages Expense	2,500
Rent Expense	1,960
Utilities Expense	775
Depreciation Expense	250
Miscellaneous Expense	85	______
Totals	$28,890	$28,890

11.

Determine the net income (loss) for the period.

	a.	Net Loss $5,570
	b.	Net Income $3,180
	c.	Net Loss $790
	d.	Net Income $2,390

1 11. 11 Oregon Company Adjusted Trial Balance For the Year ended December 31, 2016 $6,030 2,100 700 13,700 $ 1,10 1,90 4,20 12,94 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Capital Stock Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 790 8,75 2,500 1,960 775 250 85 $28.890 $28,890 Determine the net income (loss) for the period. a. Net Loss $5,570 b. Net Income $3,180 c. Net Loss $790 d. Net Income $2,390