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 1,100 1,900 4,300 1,000 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 12,9401 790 9,250 2,500 1.960 775 2501 185 30,490 30,490 14. Determine the net income (loss) for the period. a. net income $9,250 b. net loss $790 c. net loss $5,670 d. net income $3,580 15. After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals of the Debit and Credit columns are $36,755 and $32,735, respectively. What is the amount of net income or net loss for the period? a. $4,020 net income b. $36,755 net loss c. $4,020 net loss d. $32,735 net income Page