Decipher Company had Service Revenue of $3,600,225 and total expense of $2,800,000 for the twelve months ended 12/31/2021. These values are before considering any adjustments resulting from the below items.

(i) On August 1, 2021, Decipher borrowed $615,000 from the bank at a 6% rate of interest. The loan is due May 1, 2022 with all principal and interest payable at maturity. The companys pertinent 12/31/2021 account balances are as follows:

Note Payable $615,000 Interest Expense $0 Interest Payable $0

(ii) Decipher started 2021 with a $9,400 normal balance in its Unearned Service Revenue account. During 2021, Decipher collected $42,000 of advance payments from customers for future services. Regarding advance payments, as of 12/31/2021 Decipher has only $14,300 of services still owed to customers (due to prior advance payments) and anticipates performing these services in early 2020. The companys pertinent 12/31/2021 account balances are as follows:

Unearned Service Revenue $51,400

(iii) Decipher has a daily payroll cost (ignoring payroll tax) of $6,000. Employees work Monday through Friday, and always get paid holidays. Employees are paid each Monday for the five -day workweek ending on the previous Friday and for 20X2, the first Monday payroll was on January 4^th. The companys pertinent 12/31/2021 account balances are as follows:

Salaries Expense $315,000 Salaries Payable $0

(iv) Decipher uses supplies when performing services. The company started 2021 with $22,000 of supplies on hand and during 2021 purchased $45,000 more. At 12/31/21 the supplies were counted, and it was determined that $17,000 were still on hand. The companys pertinent 12/31/2021 account balances are as follows:

Supplies $67,000 Supplies Expense $0

What is Decipher's 2021 adjusted net income after considering the above situations?

Group of answer choices

$743,150

$714,025

$753,250

None of the answer choices provided are correct.

$742,825

$747,950