Review the account balances for Gorman Group for their fiscal year-end as of Oct 31 below. What is the net income for the ? G The Gorman Group 2 End-of-Period Spreadsheet 3 For the Year Ended October 31, 2016 4 Adjusted Trial Balance Account Title Dr. Cr. 7 Cash 11,000 Accounts Receivable 20.150 10 Supplies 6,350 11 Prepaid Insurance 9.500 12 Land 75,000 13 Buildings 250.000 14 Accumulated Depreciation Buildings 117.200 15 Equipment 240,000 16 Accumulated Depreciation Equipment 151.700 17 Accounts Payable 33.300 18 Salanes Payable 3.300 10 named Rani 1,500 20 Common Stock 25,000 21 Retained Earnings 195.000 22 Dividends 20,000 23 Service Fous 450.000 24 Rent Revenue 5,000 25 salaries Expense 291.000 26 Depreciation Expense-Equipment 17.500 27 Rent Expense 15.500 20 Supplies Expense 9.000 29 Us Expense 8.500 30 Depreciation Expense-Bulding 8,600 31 Repairs Esponse 3450 32 Insurance Expense 3000 33 Miscellaneous Expense 5450 34 1000.000 100.000 Review the account balances for Gorman Group above and consider the solution of Question 6. What is the retained earnings ending balance if the beginning balance is $195,000 Edit Format Table