Use the Adjusted Trial Balance for Hank Smith, Inc. to determine the net income (loss) for the period. Hank Smith, Inc. Adjusted Trial Balance December 31, 2011 Debit Account Title Credit Cash 150,000 Accounts Receivable 25,400 Supplies 8,200 Equipment 258,000 Accumulated Depreciation-Equipment 6,000 Accounts Payable 35,000 Salaries Payable 7,600 Common Stock Retained Earnings Dividends Fees Earned Rent Expense 100,000 82,000 7,000 330,000 24,000 Salaries Expense Depreciation Expense Totals 85,000 3,000 560,600 560,600 O net income, $218,000 O net loss, $218,000 O net income, $560,600 O net income, $211,000