Smiles Entertainment Had the Following Accounts and Balances at December

Smiles Entertainment had the following accounts and balances at December 31: $\begin{array}{l}\begin{array}{l} \text {Account}\\\text { Cash } \\\text { Accounts Receival } \\\text { Prepaid Insurance } \\\text { Supplies }\\\text {Accounts Payable} \\\text {Common Stock} \\\text {Retained Earnings} \\\text {Service Revenue} \\\text {Salaries Expense} \\\text {Utilities Expense} \\\text {Totals} \\\end{array}\begin{array}{ll} \text {Debit }&\text {Credit}\\\$ 10,000 \\2,000 \\2,400 \\1,000\\& \$ \quad 5,000 \\&4,000\\&900\\&7,000\\500 \\\underline {1,000}& \underline { \quad\quad\quad\quad } \\ \$ 16,900& \$ 16,900\end{array}\end{array}$ Using the information in the table, calculate the company's reported net income for the period.

A) $1,100.
B) $4,000.
C) $8,500
D) $10,400.
E) $5,500.