QUESTION 27 Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company December 31 Cash 7,530 2,100 700 13,700 Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense 1,100 1,900 4,300 1,000 12,940 790 9,250 2,500 2,500 1,960 775 Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 185 30,490 30,490 Determine the net income (loss) for the period. a. net income $9,250 b.net loss $790 d.net income $3,580