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Company Gold closes its accounts on a yearly basis, that is on December 31 of each year. On 1/4/2020, the company purchased an insurance

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Company Gold closes its accounts on a yearly basis, that is on December 31 of each year. On 1/4/2020, 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? Note: write your answer as a number only, with no commas or signs.

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