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A company's December 31 work sheet for the current period appears below. Based on the...

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Accounting

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?

Unadjusted Trial Balance Adjustments
Debit Credit Debit Credit
Cash 2,165
Accounts receivable 1,190 1,065
Prepaid insurance 1,790 840
Supplies 520 305
Equipment 8,510
Accumulated depreciationequipment 910 380
Accounts payable 1,330
Retained earnings 10,250
Dividends 1,240
Fees earned 7,440 1,065
Rent expense 1,490
Salaries expense 2,490
Utilities expense 535
Insurance expense 840
Supplies expense 305
Depreciation expenseequipment 380
Totals 19,930 19,930 2,590 2,590

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