Answer:
b. $ 9,225
Explanation:
The net income needs to be computed considering the revenue and expenses items from the data provided.
Revenues
Fees earned $ 14,403
Expenses
Depreciation expenses $ 1,343
Insurance expenses $ 513
Supplies expenses $ 3,322
Total expenses $ 5.178
Net income $ 9,225
The other items in the question i.e. Accumulated depreciation, Prepaid insurance and Supplies are balance sheet items and are not considered in determining the net income