On December 31, 2019, The Bates Company's revenue is $410,000 and expenses total $310,000 before consideration of the following: Accrued wages total $19,500; Accrued revenues total $53,000; Depreciation expense is $25,500; Rental revenue of $4,000 was earned; the rent from a tenant was initially recorded by Bates as unearned rent revenue; The income tax rate is 40% of income before income taxes. What is Bates' net income after consideration of the above information? Multiple Choice $100,000. $64,800. $67,200. $112,000.