Company Gold closes its accounts on a yearly basis, that is on December $31$ of each year. On $1/5/2020,$ the company purchased an insurance policy for $3$ years and paid the full amount of $ $25,200$ in cash. The amount was debited to prepaid insurance. The net income reported for the year $2020$ was $ $63,000.$If the accountant missed to prepare the adjusting entry for insurance on $31/12/2020$; what should be the correct net income for the year?