The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet for Fraser Services Co. fom December 31: Depreciation Expense $4,950 Insurance Expense 2,900 Miscellaneous Expense 1,200 Rent Expense 24,000 Service Revenue 92,500 Supplies Expense 3,150 Utilities Expense 5,000 Wages Expense 63,750 Prepare an income statement. Fraser Services Co. Income Statement For the Year Ended December 31 Operating Expenses: Total Operating Expenses Depreciation Expense $4,950 Insurance Expense 2,900 Miscellaneous Expense 1,200 Rent Expense 24,000 Service Revenue 92,500 Supplies Expense 3,150 Utilities Expense 5,000 Wages Expense 63,750 Prepare an income statement. Fraser Services Co. Income Statement For the Year Ended December 31 Operating Expenses: Total Operating Expenses 100 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,514 Accounts Receivable 2,324 Prepaid Expenses 706 Equipment 13,894 Accumulated Depreciation 7,527 Accounts Payable 1,506 Notes Payable 4,480 < Common Stock 1,000 Retained Earnings 6,136 Dividends 790 Fees Earned 7,832 Wages Expense Rent Expense Utilities Expense 2,719 778 485 Depreciation Expense Miscellaneous Expense Totals 181 90 28,481 28,481 Determine the total liabilities for the period. $13,513 $5,986 $15,911