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The December 31, 2018 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Account Title Debit Credit Accounts payable 105,000 Accounts receivable 185,000 Accumulated

The December 31, 2018 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Account Title Debit Credit Accounts payable 105,000 Accounts receivable 185,000 Accumulated depreciation - equipment 275,000 Common stock 505,000 Cash 41,000 Cost of goods sold 495,000 Depreciation expense 75,000 Equipment 730,000 Interest expense 5,000 Inventory 165,000 Note payable (due in six months) 75,000 Rent expense 45,000 Retained earnings 78,000 Salaries and wages payable 23,000 Sales revenue 815,000 Salaries expense 135,000 Totals 1,876,000 1,876,000 Required: Assuming no income taxes, compute the Kline's 2018 net income (or loss): (Loss amount should be indicated with a minus sign.)

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