Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx?

Unadjusted Trial Balance
As of 12/31/20xx
Accounts	Debit	Credit
Cash	$5,400
Prepaid Rent	5,000
Supplies	4,900
Building	8,712
Accounts Payable		$1,900
Deferred Revenue		1,400
Common Stock		2,100
Retained Earnings		14,600
Revenue		8,712
Rent Expense	500
Salaries Expense	3,700
Utilities Expense	500
Totals	$28,712	$28,712