Sheridan Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is shown here. Debit Credit Cash Accounts Receivable Prepaid Rent $4,823 Accumulated Depreciation-Equipment $630 434 Notes Payable 3,600 646 Accounts Payable 712 Supplies 826 Salaries and Wages Payable 270 Equipment 10,800 Interest Payable 37 Dividends 450 Unearned Rent Revenue 360 Salaries and Wages Expense 6,660 Common Stock 10,075 Rent Expense 1,080 Service Revenue 10,223 Depreciation Expense 630 Rent Revenue 990 Supplies Expense 143 $26,897 Utilities Expense 368 Interest Expense 37 $26,897 Determine the net income for the quarter April 1 to June 30. Net income $ eTextbook and Media