Betty DeRose, Inc. reported the following accounts in the unadjusted trial balance at December 31, 2023: Dividends ................... $ 14,000 Income Tax Expense .......... $ 25,000 Supplies .................... $ 31,000 Interest Revenue ............ $ 33,000 Cash ........................ $ 36,000 Salaries Expense ............ $ 37,000 Accumulated Depreciation .... $ 45,000 Unearned Revenue ............ $ 48,000 Cost of Goods Sold .......... $ 52,000 Trademark ................... $ 62,000 Accounts Payable ............ $ 76,000 Accounts Receivable ......... $ 79,000 Land ........................ $ 83,000 Inventory ................... $ 91,000 Retained Earnings ........... $107,000 (at January 1, 2023) Sales Revenue ............... $119,000 Equipment ................... $125,000 Common Stock ................ $207,000 Betty DeRose, Inc. needs to record adjusting entries at December 31, 2023 related to the following four items: 1) The equipment was purchased three years ago and assigned an 8-year life and a $5,000 residual value. No depreciation has been recorded in 2023. 2) A utility bill totaling $18,000 was received in late December. Betty expects to pay the bill in January, 2024. 3) A physical count revealed that supplies costing $19,000 were still on hand as of December 31, 2023. 4) The unearned revenue relates to a $48,000 payment received on June 1, 2023. The payment was from a customer who paid Betty for services to be provided each month for fifteen months, beginning on June 1, 2023. Calculate Betty's net income for 2023 after the appropriate adjusting entries have been recorded and posted.

Betty DeRose, Inc. reported the following accounts in the unadjusted trial balance at December 31, 2023: Dividends ........ Income Tax Expense .......... Supplies Interest Revenue .. Cash ........ Salaries Expense ..... Accumulated Depreciation Unearned Revenue .. Cost of Goods Sold .. Trademark Accounts Payable .. Accounts Receivable Land Inventory Retained Earnings Sales Revenue ... Equipment Common Stock $ 14,000 $ 25,000 $ 31,000 $ 33,000 $ 36,000 $ 37,000 $ 45,000 $ 48,000 $ 52,000 $ 62,000 $ 76,000 $ 79,000 $ 83,000 $ 91,000 $107,000 (at January 1, 2023) $119,000 $125,000 $207,000 Betty DeRose, Inc. needs to record adjusting entries at December 31, 2023 related to the following four items: 1) The equipment was purchased three years ago and assigned an 8-year life and a $5,000 residual value. No depreciation has been recorded in 2023. 2) A utility bill totaling $18,000 was received in late December. Betty expects to pay the bill in January, 2024. 3) A physical count revealed that supplies costing $19,000 were still on hand as of December 31, 2023. 4) The unearned revenue relates to a $48,000 payment received on June 1, 2023. The payment was from a customer who paid Betty for services to be provided each month for fifteen months, beginning on June 1, 2023. Calculate Betty's net income for 2023 after the appropriate adjusting entries have been recorded and posted