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 CreditCash1045? Accounts receivable 370? Prepaid insurance4300? 220?Supplies250? 140?Equipment12,420? Accumulated depreciation-equipment 260?Accounts payable 1840? Salaries payable 385?Unearned fees 5200? 445? Retained earnings 10,580? Dividends2350? Fees earned 8160? 445? 370?Rent expense2200? Salaries expense2800? 385? Utilities expense415? Insurance
expense 220? Supplies expense 140? Depreciation expense-equipment 260? Totals25,780??25,780??1820??1820?
A. $2555.
B. $2900.
C. $1820.
D. $6700.
E. $2745.
Answer: A
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