(Solved): Determine the net income (loss) for the period The following is the adjusted trial balance for Sto ...

Determine the net income (loss) for the period

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 7,530 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 790 2,500 1,960 775 250 185 30,490 1,100 1,900 4,300 1,000 12,940 9,250 30,490