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Please help! December 31 Cash 7,530 Accounts Receivable 2,100 700 13,700 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable 1,100 1,900 4,300 Common Stock

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December 31 Cash 7,530 Accounts Receivable 2,100 700 13,700 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable 1,100 1,900 4,300 Common Stock 1,000 Retained Earnings 12,940 Dividends 790 Fees Earned 9,250 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 250 Depreciation Expense Miscellaneous Expense 185 Totals 30,490 30,490 Determine the net income (loss) for the period. Ca. net income $9,250 b. net loss $790 C. net income $3,580 d. net loss $5,670

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