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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses 6,151 2,758 726

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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses 6,151 2,758 726 Equipment 14,357 Accumulated Depreciation 6,500 1,720 Accounts Payable Notes Payable 5,706 Common Stock 1,000 6,033 Retained Earnings Dividends 766 8,176 Fees Earned Wages Expense Rent Expense 2,897 705 417 Utilities Expense Depreciation Expense Miscellaneous Expense 14,357 Equipment Accumulated Depreciation Accounts Payable Notes Payable 6,500 1,720 5,706 1,000 6,033 Common Stock Retained Earnings Dividends 766 Fees Eamed 8,176 Wages Expense 2,897 Rent Expense Utilities Expense 705 417 Depreciation Expense 247 Miscellaneous Expense 111 Totals 29,135 29,135 Determine the net income (loss) for the period. a. Net income $3,033 b. Net loss $3,033 c. Net loss $3,799 d. Net income $3,799

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