During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2021, you come across several items needing further consideration Currently, not income is $80,000 1. An insurance policy covering 12 months was purchased on October 1, 2021, for $12,000. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021 2. During 2021, the company received a 52.000 cash advance from a customer for services to be performed in 2022. The $2,000 was incorrectly credited to Service Revenue 3. There were no supplies listed in the balance sheet under assets. However you discover that supplies Costing 50750 were on and at December 31, 2021 4. Trojan borrowed $50.000 from a local barsk on September 1, 2021. Principal and interest at 12% will be paid on August 31, 2022. No accrual was made for interest in 2021 Required: Using the information in I through above, determine the proper amount of net income as of December 31, 2021. (Do not found Intermediate calculations. Amounts to be deducted should be indicated with a minus sign) 30.000 Net income und 1. Aumentorum 2. Adjustment for den Apment for supplies Adatfest Netcome MacBook Air 28 3: 00 DO FB al e 28 4 3 $ 4 2 %6 5 & 7 6 8 9 -O W E R Y U 1 o P S D F G H J J K N C > V B N M X 2 V - 8 2 command command option