Smiles Entertainment had the following accounts and balances at December 31: Account Debit Credit Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Totals $10,000 2,000 2,400 1,000 5,000 4,000 900 7,000 500 1,000 $16,900 $16,900 Using the information in the table, calculate the company's reported net income for the period