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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 Cash 7,530 Accounts

Use the adjusted trial balance for Stockton Company below to answer the questions that follow.

Stockton Company

Adjusted Trial Balance

December 31

Cash

7,530

Accounts Receivable

2,100

Prepaid Expenses

700

Equipment

13,700

Accumulated Depreciation

1,100

Accounts Payable

1,900

Notes Payable

4,300

Common Stock

1,000

Retained Earnings 12,940
Dividends

790

Fees Earned

9,250

Wages Expense

2,500

Rent Expense

1,960

Utilities Expense

775

Depreciation Expense

250

Miscellaneous Expense

185

Totals

30,490

30,490

Determine the net income (loss) for the period.

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