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On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $23,000. Accrued sales revenue: $21,000. Accrued expenses: $13,000. Used

On December 31, 2019, Krug Company prepared adjusting entries that included the following items:

Depreciation expense: $23,000.

Accrued sales revenue: $21,000.

Accrued expenses: $13,000.

Used insurance: $8,000; the insurance was initially recorded as prepaid.

Rent revenue earned: $6,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue.

If Krug Company reported pretax income of $150,000 prior to the adjusting entries, how much is Krug's pretax income after the adjusting entries?

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