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??Cash1,975 ??Accounts receivable1,000 875 Prepaid insurance1,600 650Supplies330 115Equipment8,320 Accumulated depreciation?equipment 720 190Accounts payable 1,140 Retained earnings 9,110 Dividends1,050 Fees earned 7,250 875Rent expense1,300 Salaries expense2,300 Utilities expense345 Insurance expense 650 Supplies expense 115 Depreciation expense?equipment 190 Totals18,220 18,220 1,830 1,830
A. $3,225.
B. $3,305.
C. $4,180.
D. $2,540.
E. $2,350.
Answer: A
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