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	6,088
Accounts Receivable	12	2,511
Prepaid Expenses	13	622
Equipment	18	15,838
Accumulated Depreciation	19		1,390
Accounts Payable	21		1,744
Notes Payable	22		5,310
Bob Steely, Capital	31		14,816
Bob Steely, Drawing	32	832
Fees Earned	41		7,512
Wages Expense	51	3,392
Rent Expense	52	825
Utilities Expense	53	381
Depreciation Expense	54	171
Miscellaneous Expense	59	112
Totals		30,772	30,772

Determine the net income (loss) for the period.

a.Net loss is $6,404.

b.Net income is $30,772.

c.Net loss is $2,631.

d.Net income is $2,631.