Before making month-end adjustments, the net income of Bluebell Company was $125,000 for March. Adjusting entries are necessary for the following items: Depreciation for the month of March: $4,100. Rental income accrued at the end of March (tenant to pay in April): $980. Supplies used during March: $280. Fees collected in advance from customer during February that were earned during March: $4,400. After recording these adjustments, net income for March is: Multiple Choice $121,600. $120,620. $126,000. $125,000