Stockton Company Adjusted Trial Balance December 31 5,662 2,844 635 14,467 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock 8,453 1,675 4,732 1,000 5,277 Retained Earnings Dividends 861 Fees Earned 7,971 3,130 825 Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 405 226 53 Totals 29,108 29,108 Determine the net income (loss) for the period. a. Net income $2,471 b. Net loss $2,471 c. Net loss S3,332