7 A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue Owner, Capital Owner, Withdrawals Services revenue Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense-equipment Totals Debit 1,165 5,500 370 16,020 3,550 3,400 4,000 535 Credit 3,040 6,400 12,980 12,120 34,540 34,540 Adjustments Debit Credit 490 565 505 340 260 380 2,540 CHE 340 260 380 Next 505 1,055 2,540 Help Save