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The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Debit Credit 105,000 185,000 275,000 505,000 Account Title Accounts payable Accounts
The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Debit Credit 105,000 185,000 275,000 505,000 Account Title Accounts payable Accounts receivable Accumulated depreciation-equipment Common stock Cash Cost of goods sold Depreciation expense Equipment Interest expense Inventory Note payable (due in six months) Rent expense Retained earnings Salaries payable Sales revenue Salaries expense Totals 41,000 495,000 75,000 730,000 5,000 165,000 75,000 45,000 78,000 23,000 815,000 135,000 1,876,000 1,876,000 Required: Assuming no income taxes, compute Kline's 2021 net income (or loss): (Loss amount should be indicated with a minus sign.) Net income (or loss)
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