Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 6,795 Accounts Receivable 12 2,575 Prepaid Expenses 13 731 Equipment 18 13,214 Accumulated Depreciation 19 1,479 Accounts Payable 21 1,618 Notes Payable 22 4,823 Bob Steely, Capital 31 13,357 Bob Steely, Drawing 32 806 Fees Earned 41 6,626 Wages Expense 51 2,268 Rent Expense 52 792 Utilities Expense Depreciation Expense Miscellaneous Expense Totals 53 396 54 239 59 87 27,903 27,903 Use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period. Oa. Net loss is $5,508. Ob. Net loss is $2,844. Oc. Net income is $27,903. Od. Net income is $2,844.