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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable 6,753 2,896 Prepaid Expenses Equipment

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable 6,753 2,896 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable 693 13,169 10,866 1,666 Notes Payable 4,552 Common Stock 1,000 < Retained Earnings 3,499 Dividends 808 Fees Earned 7,657 Wages Expense Rent Expense Utilities Expense 3,385 752 491 Depreciation Expense Miscellaneous Expense Totals 192 101 29,240 29,240 Determine the net income (loss) for the period. a. Net income $1,928 b. Net loss $1,928 c. Net loss $2,736 d. Net income $2,736

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