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:
$\begin{array}{l}\begin{array}{lll}\text { Accumulated Depreciation } \\\text { Fees Earned } \\\text { Depreciation Expense } \\\text { Insurance Expense } \\\text { Prepaid Insurance } \\\text { Supplies } \\\text { Supplies Expense }\end{array}\begin{array}{lll}\$ 3,200 \\17,400 \\1,300 \\400 \\4,800 \\900 \\3,800\end{array}\end{array}$
Net income for the period is

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