Business

Makenzie

Today, 14:35

Smiles Entertainment had the following accounts and balances at December 31:

Account Debit Credit

Cash $ 10,600

Accounts Receivable 2,120

Prepaid Insurance 2,640

Supplies 1,120

Accounts Payable $ 5,300

Common Stock 4,300

Retained Earnings 960

Service Revenue 7,600

Salaries Expense 560

Utilities Expense 1,120

Totals $ 18,160 $ 18,160

Using the information in the table, calculate the company's reported net income for the period.

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