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Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company Adjusted Trial Balance December 31 7,530 2.100 700

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Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company Adjusted Trial Balance December 31 7,530 2.100 700 13,700 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 Totals 1,100 1,900 4,300 1,000 12,940 790 9,250 2,500 1,960 775 250 185 30,490 30,490 Determine the net income (loss) for the period. Onet loss $5,670 Onet loss $790 Onet income $3,580 Onet income $9,250

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