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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

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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 HA ge 2,100 700 13,700 Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals IIIIIIIIIII 1,100 1,900 4,300 12,940 790 9,250 2,500 1,960 775 250 59 185 29.490 29.490 Use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period. Ca. Net loss is $5,670. b. Net loss is $790. c. Net income is $3,580. d. Net income is $9,250

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