It's not even part of the question but I'm totally stumped and having a blonde moment.
Below is the adjusted Trial balance.

Acct Payable 350
Accumulated depreciation 3,500
Cash 12,200
Expenses 32,400
Partner1, Capital 4,600
Partner 1, Drawing 26,000
Note payable 2000


Office equipment 8600
Office Supplies 1370
Revenues 96,000
Partner 2, Capital 3,800
Partner 2, Drawing 31,000
Utilities Payable 120

I would really appreciate if someone could explain it to me again, thanks!

Net Income is Revenues minus Expenses.