2. Biermann Bark Blowing, which has a September 30, fiscal year, has net income of $77,000 for the 2020. However, the accountant discovers the following on September 30: A $2,200 utility bill received on September 28, was not paid or recorded. On October 1, 2019, Biermann paid $3,600 for a one-year insurance policy. No adjustment has been made for expired insurance since the June 30, 2020, quarterly financial statement. a. Prepare the adjusting entries required for the year ended September 30, 2020. b. What is Biermanns net income for 2020?