JB Company had net income of $100,000 for the year before adjusting entries. If the following adjustments are necessary, what amount will JB report for net income?

- Interest accrued on a note payable, $5,000 - Office supplies used, $2,000 - Services performed for clients but not recorded, $10,000 - Interest accrued on a note receivable, $1,000 - Rent expired, $3,000 - One-half of a $12,000 cash advance for future services was earned during the year