Question $19(1$ point$)$

Before making any year end adjustments, the net income of Reed Company was $$40,000.$ However, the following adjustment were necessary: office supplies used $$600$; services performed for clients but not yet recorded or collected for $$1,300$; interest accrued on a note payable to bank $$3.$ After recording these adjustments, the net income would be

$$40,400$

$$37,800$

$$41,000$

$15$

$$38,400$