The following is the adjusted trial balance for Stockton Company. Stockton Company
Adjusted Trial Balance
December 31
Cash 6,203
Accounts Receivable 2,210
Prepaid Expenses 683
Equipment 14,700
Accumulated Depreciation 2,169
Accounts Payable 1,743
Notes Payable 4,578
Common Stock 1,000
Retained Earnings 10,929
Dividends 885
Fees Earned 8,894
Wages Expense 3,145
Rent Expense 700
Utilities Expense 445
Depreciation Expense 255
Miscellaneous Expense 87
Totals 29,313 29,313
Determine the net income (loss) for the period.

Net income $3,377
Net loss $3,377
Net loss $4,262
Net income $4,262