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Before month-end adjustments are made, the February 28 trial balance of a company contains revenue of $11,880 and expenses of $9,612. Adjustments are necessary for the following items:
Depreciation for February is $960.
Revenue earned but not yet billed is $2,408.
, Accrued interest expense is $1,044.
Revenue collected in advance that is now recognized is $2,400.
Portion of prepaid insurance expired during February is $410.
Calculate the correct net income for the company for the month of February.
Net income
$
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