Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances Cash 11 5,079 Accounts Receivable 12 2,324 Prepaid Expenses 13 645 Equipment 18 15,903 Accumulated Depreciation 19 1,292 Accounts Payable 21 1,638 Notes Payable 22 5,244 Bob Steely, Capital 31 11,993 Bob Steely, Drawing 32 902 Fees Earned 41 8,773 Wages Expense 51 2,601 Rent Expense 52 765 Utilities Expense 53 462 Depreciation Expense 54 161 Miscellaneous Expense 59 98 Totals 28,940 28,940 Determine the net income (loss) for the period. a.Net income is $28,940. b.Net income is $4,686. c.Net loss is $4,686. d.Net loss is $7,749. Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Properties Company follow: 20Y9 20Y8 Current assets $817,700 $1,327,100 Current liabilities 629,000 577,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Y8 Working capital $fill in the blank 1 $fill in the blank 2 Current ratio fill in the blank 3 fill in the blank 4

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances we taken from the ledger of Twin Trees Landscaping Co.: Oscar Killingsworth, Capital $495,560 Oscar Killingsworth, Drawing 40,000 Fees Earned 463,975 Wages Expense 359,100 Rent Expense 86,200 Supplies Expense 32,320 Miscellaneous Expense 10,775