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 6,998 Accounts Receivable 2,374 Prepaid Expenses 753 Equipment 13,787 Accumulated Depreciation 9,125 Accounts Payable 1,722 Notes Payable 5,997 Common Stock 1,000 Retained Earnings 5,216 Dividends 855 Fees Earned 6,265 Wages Expense 3,220 Rent Expense 763 Utilities Expense 303 Depreciation Expense 179 Miscellaneous Expense 93 Total 29,325 29,325 Determine the net income (loss) for the period. a. net income $852 b. net loss $852 c. net loss $1,707 d. net income $1,707