The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable 5,547 2,506 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable 711 14,730 8,702 1,652 Notes Payable 4,986 Common Stock 1,000 Retained Earnings 4,923 Dividends 646 Fees Earned 6,444 Wages Expense 2,121 Rent Expense 752 Utilities Expense 435 Depreciation Expense Miscellaneous Expense 171 88 Totals Determine the net income (loss) for the period. Oa. Net income $2,231 Ob. Net loss $2,231 Oc. Net loss $2,877 2 Od. Net income $2,877 27,707 27,707