Rubino Company reported net income of $95,000 for the current year. Examination of the work sheet and supporting data indicates that the following items were ignored: 1. Accrued salaries were $7,800 at December 31. 2. Depreciation on equipment acquired on July 1 amounted to $6,500. Based on this information, (a) what adjusting journal entries should have been made at December 31, and (b) what is the correct net income? Exercise 4-8 Prepare adjusting entries and determine correct net income (L.O. 4)