The following is the adjusted trial balance for Steely Company.

Steely Company Adjusted Trial Balance For the Year Ended December 31, 20XX
??????	??????	??????
Cash	$5,504	??????
Accounts Receivable	$2,668	??????
Prepaid Expenses	$617	??????
Equipment	$15,425	??????
Accumulated Depreciation	??????	$7,709
Accounts Payable	??????	$1,700
Notes Payable	??????	$5,362
Capital Stock	??????	$2,000
Retained Earnings	??????	$6,385
Dividends	$757	??????
Fees Earned	??????	$6,181
Wages Expense	$2,937	??????
Rent Expense	$829	??????
Utility Expense	$335	??????
Depreciation Expense	$155	??????
Miscellaneous Expense	$110	??????
Totals	$29,337	$29,337

Determine the net income (loss) for the period.

Select the correct answer.

Net income $1,058

Net loss $1,058

Net loss $1,815

Net income $1,815