On December 31, 2016, The Bates Company's revenue is $420,000 and expenses total $300,000 before consideration of the following: Accrued wages total $20,000; Accrued revenues total $54,000; Depreciation expense is $26,000; Rental revenue of $5,000 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?

$93,100.

$89,600.

$133,000.

$120,000.