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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances

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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances 11 6,530 Credit Balances Cash Accounts Receivable 12 2,100 13 700 18 13,700 19 1,100 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing 21 1,900 22 4,300 31 12,940 32 790 Fees Earned 41 9,250 51 2,500 52 1,960 53 775 Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 54 250 59 185 29,490 29,490 Jse the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period. a. Net loss is 5790 b. Net loss is $5,670. c. Net income is $9,250. Cd. Net income is $3,580

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