Determine the net income (loss) for the period.Totals 30,172.

A) net income $1681

B) net loss $1681

C) net loss $2561

D) net income $2561

 

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Calculator The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,189 Accounts Receivable 2,067 Prepaid Expenses 640 Equipment 15,850 Accumulated Depreciation 7,084 Accounts Payable 1,799 Notes Payable 4,382 <) Common Stock 1,000 Retained Earnings 8,800 Dividends 880 Fees Earned 7,107 Wages Expense 2,944 895 Rent Expense 377 Utilities Expense 217 Depreciation Expense 113 Miscellaneous Expense Previous SuNet H All rk sned. Calculator The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,189 Accounts Receivable 2,067 Prepaid Expenses 640 Equipment 15,850 Accumulated Depreciation 7,084 Accounts Payable 1,799 Notes Payable 4,382 <) Common Stock 1,000 Retained Earnings 8,800 Dividends 880 Fees Earned 7,107 Wages Expense 2,944 895 Rent Expense 377 Utilities Expense 217 Depreciation Expense 113 Miscellaneous Expense Previous SuNet H All rk sned.

Answer rating: 100% (QA)

The correct answer is option D which is Net In... View the full answer