A company had calculated net income to be $78,450 based on the unadjusted trial balance. The following adjusting entries were then made for:

8. A company had calculated net income to be $78,450 based on the unadjusted trial balance. The following adjusting entries were then made for: Salaries and wages owed but not yet paid of $880 Interest earned but not received from investments of $840 Prepaid insurance premiums amounting to $640 have expired Unearned revenue in the amount of $840 has now been earned. Required: Determine the amount of net income (loss) that will be reported after the adjustments are recorded. O $78,610 O $80,770 O $75,250 O $78.210