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Use the ledger account balances for Stockton Company below to answer the following five parts. Cash $7,530 Accounts Receivable (A/R) 2,100 Prepaid Expenses 700 Equipment

Use the ledger account balances for Stockton Company below to answer the following five parts.

Cash $7,530
Accounts Receivable (A/R) 2,100
Prepaid Expenses 700
Equipment 13,700
Accumulated Depreciation 1,100
Accounts Payable (A/P) 1,900
Notes Payable (N/P) 4,300
Stock 1,000
Retained Earnings 12,940
Dividends 790
Revenues 9,250
Wages Expense 2,500
Rent Expense 1,960
Utilities Expense 775
Depreciation Expense 250
SG&A Expense 185
Totals $30,490

Determine the net income (loss) for the period.

Determine the retained earnings ending balance.

Determine the total assets.

Determine the current assets.

Determine the total liabilities.

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