2.11 points During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2018, you come across several tems a. An insurance policy covering 12 months was purchased on October 1, 2018, C. There were no supplies the needing father consideration Currendy, net income is $1 rom a customer for services to be performed in 2019 The $4000 was incorectly credited to Service Revenue or s24000 The ne aount wn bepad inesurance and no adjusting entry was made for this tem in 2018 dusng erly was sheet under assets However, you discover that supplies costing $2,750 were on hand at December 31, 2018 d Troyan borrowed S0,00 torn a local bark on Seplmter 1,2018Prnegal and rterest at9% wil te on Agust 31, 2019 accrual was made tr nterest r, 2018 Required Using the information in a thwough d above, determine the proper amount of net income as of December 31, 2018 (Amounts to be deducted sheuld be indicated with minus sign) Hints RelerencesBook&Resources Type here to search