The following account balances were taken from ABC Company's unadjusted trial balance at December 31, 2027: at January 1, 2027) ABC Company has not yet recorded adjusting entries related to the following two items: (1) The note payable in the unadjusted trial balance was a 15\%, 10-month bank loan taken out on June 1, 2027. (2) The prepaid insurance in the unadjusted trial balance relates to a two-year insurance policy purchased on September 1, 2027. Calculate the net income reported by ABC Company for 2027 after the appropriate adjusting entries have been recorded and posted