Question: A company's December 31 work sheet for the current period appears below. Based on the information provided what is net income for the current period?

A company's December 31 work sheet for the current period appears below. Based on the information provided what is net income for the current period? Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned fees Owner, Capital Owner, withdrawals Fees earned Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 1,125 450 5,100 300 330 220 14,820 340 2,640 465 6,000 525 12,180 3,150 10,800 525 450 3,000 3,600 465 Rent expense Salaries expense UEDIL Creuil UEUIL Lreuil 1,125 450 300 5,100 330 14,820 220 340 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned fees Owner, Capital Owner, Withdrawals Fees earned 2,640 465 525 6,000 12,180 3,150 10,800 525 450 3,000 3,600 495 465 Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense-equipment Totals 300 220 340 31,620 31,620 2,300 2,300
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