Correct answer is d

Detailed explanation please

trial balag orration has provided you with the below list of account balances taken from its 12/3 1/2012 This list its balance sheet accountssents all of Narrow's revenue and expense accounts but only a select few of its balance sheet accounts All account balances are considered normal. Accumulated Depreciation 40.20000 Adverlising Expense Prepaid Advortaning Rent Expase Rent Payable Salarics Payable 100,000.0o 8,500.00 2,820.00 125 500 .00 550,000 00 (in) Salary Expense Supplies Expense Sapplies Unlities Expense Ublities Payable Git) (i) (0 0 2,800 00 4,800.00 10,000.00 0.00 100,000.00 0.00 0.00 9%, 9 month Note Payable Interest Expense Interest Payable Please consider the following additional items (i) On 30, 2013) and charges 9% interest. All interest is payable at maturity. i) In January 2013, Narrow's head account paid the $8,500 of December rent that had been accrued as of 12/31/2012. 2013, the December 2012 utility bill was received in the mail and paid. Before paying the bill, Narrow's head accountant reviewed it noting that it was accurate and that $500 was in fact owed for December utilities Considering the above items what is the dollar amount of net income that Narrow should report on its 12/31/2012 income statement? A. $227,000 B. $220,500 C. $228,000 D. $229,000 E. None of the above 215