Assignment Material Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of $27,900 and expenses of $17,340. Adjustments are necessary for the following items:

Portion of prepaid rent applicable to January, $2,700 Depreciation for January, $1,440 Portion of fees collected in advance earned in January, $3,300 Fees earned in January, not yet billed to customers, $1,950 Net income for January is:

a. $10,560

b. $17,070

c. $7,770

d. Some other amount