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158) Jackson Services had the following accounts and balances at December 31: Account

Debit $ 20,000 6,000 1,500 5,000

Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable R. Jackson, Capital R. Jackson, Withdrawals Service Revenue Utilities Expense Salaries Expense

Credit

$

500 16,200

1,000 20,000 2,000 1,200

Totals

$ 36,700

$ 36,700

Using the information in the table, calculate the company's reported net income for the period. A) $16,800 B) $15,800. C) $15,300 D) $10,300. E) $23,200

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