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The following accounts were taken from the Adjusted Trial Balance columns of the end - of - period spreadsheet: Line Item Description Amount Accumulated Depreciation

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet:
Line Item Description Amount
Accumulated Depreciation $ 2,822
Fees Earned 16,070
Depreciation Expense 1,108
Insurance Expense 692
Prepaid Insurance 3,677
Supplies 1,094
Supplies Expense 3,625
Net income for the period is
a. $10,645
b. $3,052
c. $5,425
d. $7,823

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