Requirement 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Start by identifying the amount of net income or loss for the year ended January 31. (Enter a loss with a minus sign or parentheses.) Net income (loss) = - x Data Table Previous Question Stouse Sign Company Adjusted Trial Balance January 31, 2024 Balance Account Title Debit Credit Cash $ 14,400 1,600 1,400 53,000 $ 6,800 3,900 Office Supplies Prepaid Rent Equipment Accumulated DepreciationEquipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Stouse, Capital Stouse, Withdrawals 600 3,700 5,100 42,900 1,200 Service Revenue 16,600 4,800 Salaries Expense Rent Expense 1,600 Rent Expense 1,600 300 Depreciation ExpenseEquipment Supplies Expense 500 800 Utilities Expense 79,600 $ 79,600 Total Print Done First, we will close the Service Revenue account. Date Accounts and Explanation Debit Credit Jan. 31 Service Revenue 16,600 Income Summary 16,600 To close revenue. Next we will close the expense accounts. Date Accounts and Explanation Debit Credit Jan. 31 8,000 Income Summary Salaries Expense 4,800 1,600 300 Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 500 800 To close expenses. 10 close expenses. Now we will close the Income Summary account. Date Accounts and Explanation Debit Credit Jan. 31 Income Summary 8,600 Stouse, Capital 8,600 To close Income Summary. Finally, close the Withdrawals account. Date Accounts and Explanation Debit Credit Jan. 31 Stouse, Capital 1,200 Stouse, Withdrawals 1,200 To close Withdrawals. Requirement 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Start by identifying the amount of net income or loss for the year ended January 31. (Enter a loss with a minus sign or parentheses.) Net income (loss) =