On December 31, 2014, The Bates Company's revenues total $400,000 and expenses total $290,000 before consideration of the following: Accrued wages total $19,000; Accrued revenues total $52,000; Depreciation expense is $25,000; Rental revenue of $9,000 was earned; the rent from a tenant was initially recorded by Bates as unearned rent revenue; The income tax rate is 30% of income before income taxes. What is Bates' net income after consideration of the above information? $110,000. $127,000. $88,900. $82,600.