Smiles Entertainment had the following accounts and balances at December 31:

Account	Debit			Credit
Cash	$	11,600
Accounts Receivable		2,320
Prepaid Insurance		3,040
Supplies		1,320
Accounts Payable				$	5,800
Common Stock					4,800
Retained Earnings					1,060
Service Revenue					8,600
Salaries Expense		660
Utilities Expense		1,320
Totals	$	20,260		$	20,260

Using the information in the table, calculate the company's reported net income for the period.

Multiple Choice

$6,620.

$4,480.

$12,320.

$5,140.

$1,420.