n December 31, 2011, The Bates Companys revenues total $300,000 and expenses total $160,000 jore consideration of the following adjusting entries made in December: . Accrued wages total $10,000; . Accrued revenues total $40,000 Depreciation expense is $15,000 Rental revenue of $5,000 was considered earned; the rent was prepaid by a tenant and was initially recorded by Bates as unearned rent revenue; o Bates started the year with $15,000 of office supplies on hand, based on a physical count it was determined that $10,000 of the supplies had been used. What is Bates' net income after consideration of the above information? A. $130,000 B. $170,000 C. $140,000 D. $150,000 30?! E. None of the above