ion 1 Credit 3 516 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent Equipment 1,800 Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense 396 Total $44,376 312 492 732 1,236 39,660 1,608 336 $44,376 Net income for the year is: a. $2,976 b. 1,944. C. $1,620 d. S588 Answer the question based on the following adjusted trial balance Debit Credit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent S16 Equipment 1,800 Accumulated depreciation equipment Accounts payable 492 Unearned service revenue 732 Common stock 1,236 Retained earnings 39,660 Service revenue 1.608 Interest revenue 336 Salaries and wages expense 960 Travel expense 396 Total $44,376 S44.376 After closing entries have been posted, the balance in retained earings will be ese 30 888 54 oor