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Question - Use the adjusted trial balance for Stockton Company below to answer the questions that follow.
Stockton Company Adjusted Trial Balance 12/31/21
Cash
7,530
Accounts Receivable
2,100
Prepaid Expenses
700
Equipment
13,700
Accumulated Depreciation
1,100
Accounts Payable
1,900
Notes Payable
4,300
Common Stock
1,000
Retained Earnings
12,940
Dividends
790
Fees Earned
9,250
Wages Expense
2,500
Rent Expense
1,960
Utilities Expense
775
Depreciation Expense
250
Miscellaneous Expense
185
?
Totals
30,490
Required - Determine the net income (loss) for the period.
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