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Question 2 Gerald Baldwin, CPA, is the Controller for Wingham Enterprises. When he reviewed the December 31, 2020 trial balance, he noticed that the current

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Question 2 Gerald Baldwin, CPA, is the Controller for Wingham Enterprises. When he reviewed the December 31, 2020 trial balance, he noticed that the current reported net income for 2020 was $77.000. On further investigation, it seems that adjusting entries which should have been made in 2020 were omitted from the trial balance and the reported figures 1. Depreciation expense of $9.900 was not recorded 2. Uneamed service revenue of $8,800 was received for 2 months in advance t month had been earned, but the uneared service revenue account still shows a 3. Salaries earned by employees for the last 2 days of December were $11,000, but no entry was made until they were actually paid in January 2021 when the next payroll was run When the items are corrected and adjusting entries are recorded, what is the correct amount of net income for 2020? O $70,400 OB $64.900 O C551,700 OD 560.500

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