Use the adjusted trial balance for Stockton Company to answer the question that follow. Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Stockton Company Adjusted Trial Balance December 31 O Determine the net income (loss) for the period. a. net income $9,250 O b. net loss $5,670 O c. net income $3,580 O d. net loss $790 7,530 2,100 700 13,700 790 2,500 1,960 775 250 185 30,490 1,100 1,900 4,300 1,000 12,940 9,250 30,490

Use the adjusted trial balance for Stockton Company to answer the question that follow. Determine the net income (loss) for the period. a. net income $9,250 b. net loss $5,670 c. net income $3,580 d. net loss $790