The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 6,309 2,630 654 15,274 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 6,608 1,403 5,275 1,000 9,351 749 6,094 2,683 737 396 231 Totals 68 29,731 29,731 Determine the net income (loss) for the period. Oa. Net income S1,230 Ob. Net loss $1.230 Oc. Net loss $1,979 d. Net income $1.979 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,103 Accounts Receivable 2,727 Prepaid Expenses 712 Equipment 14,280 Accumulated Depreciation 9,597 Accounts Payable 1,414 Notes Payable 4,078 Common Stock 1,000 Retained Earnings 6,202 Dividends 746 Fees Earned 6,121 Wages Expense 2,292 Rent Expense 760 Utilities Expense 460 Depreciation Expense 214 Miscellaneous Expense 118 Totals 28,412 28,412 Determine the retained earnings ending balance