The Following Accounts Were Taken from the Adjusted Trial Balance

Multiple Choice

The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: $\begin{array}{ll}\text { Accumulated Depreciation } & \$ 3,200 \\\text { Fees Earned } & 17,400 \\\text { Depreciation Expense } & 1,300 \\\text { Insurance Expense } & 400 \\\text { Frepaid Insurance } & 4,800 \\\text { Supplies } & 900 \\\text { Supplies Expense } & 3,800\end{array}$ Net income for the period is

A) $5,500
B) $11,900
C) $17,400
D) $8,700