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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