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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 3 1 Line Item Description

Use the adjusted trial balance for Stockton Company to answer the question that follows.
Stockton Company
Adjusted Trial Balance
December 31
Line Item Description Amount Amount
Cash 6,701
Accounts Receivable 2,823
Prepaid Expenses 647
Equipment 14,613
Accumulated Depreciation 4,524
Accounts Payable 1,762
Notes Payable 4,779
Common Stock 1,000
Retained Earnings 11,618
Dividends 795
Fees Earned 6,061
Wages Expense 2,709
Rent Expense 856
Utilities Expense 334
Depreciation Expense 204
Miscellaneous Expense 62
Total 29,74429,744
Determine the net income (loss) for the period.
a. net income $1,101
b. net loss $1,101
c. net loss $1,896
d. net income $1,896

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