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Before month-end adjustments are made, the February 28 trial balance of Blue Spruce's Enterprise contains revenue of $11,220 and expenses of $9,256. Adjustments are necessary

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Before month-end adjustments are made, the February 28 trial balance of Blue Spruce's Enterprise contains revenue of $11,220 and expenses of $9,256. Adjustments are necessary for the following items: . . Depreciation for February is $1.152. Revenue earned but not yet billed is $3,024, Accrued interest expense is $720. Revenue collected in advance that is now recognized is $2,750. Portion of prepaid insurance expired during February is $550. Calculate the correct net income for Blue Spruce's Enterprise for the month of February Net income

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