During the course of your examination of the financial statements of Trojan Corporation for the year ended December $31,2024,$ you come across several items needing further consideration. Currently, net income is $$86,000.$

An insurance policy covering $12$ months was purchased on October $1,2024,$ for $$15,600.$ The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in $2024.$

During $2024,$ the company received a $$2,600$ cash advance from a customer for services to be performed in $2025.$ The $$2,600$ was incorrectly credited to Service Revenue.

Purchases of supplies during the year were incorrectly recorded to Supplies Expense. You discover that supplies costing $$2,050$ were on hand at December $31,2024.$

Trojan borrowed $$56,000$ from a local bank on September $1,2024.$ Principal and interest at $12\%$ will be paid on August $31,2025.$ No accrual was made for interest in $2024.$

Required:

Using the information in $1$ through $4$ above, determine the proper amount of net income as of December $31,2024.($Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.$)$

$\backslash$table$[[$Net income $($unadjusted$),$$