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Before month-end adjustments are made, the February 28 trial balance of Novak's Enterprise contains revenue of $13,200 and expenses of $9,078. Adjustments are necessary for

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Before month-end adjustments are made, the February 28 trial balance of Novak's Enterprise contains revenue of $13,200 and expenses of $9,078. Adjustments are necessary for the following items: - Depreciation for February is $1,176. - Revenue earned but not yet billed is $2,968. - Accrued interest expense is $738. - Revenue collected in advance that is now recognized is $2,850. - Portion of prepaid insurance expired during February is $550. Calculate the correct net income for Novak's Enterprise for the month of February. Net income $

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