Q2. Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Determine the net income (loss) for the period. ONet Income $2,390 Net Loss $790 Net Loss $5,570 Net Income $3,180 Totals Stockton Company Adjusted Trial Balance For the Year ended December 31, 20XX $6.030 2,100 700 13,700 790 2,500 1,960 775 250 85 $28,890 $1,100 1,900 4,200 12,940 8,750 $28,890

Use the following information in the adjusted trial balance for Stockton Company to answer the following questions Determine the net income (loss) for the period. Net incoine $2,390 Net toss $790 Net Lost 55,570 Net income $3,280