The following account balances were taken from ABC Company's unadjusted tr ial balance at December 31, 2019 Advertising Expense Cost of Goods Sold .. $45,000 Inventory $62,000 ABC Company has not yet recorded adjusting entries related to the followin 9 two items: (1) The note payable in the unadjusted trial balance was a 14%, 10-month bank loan taken out on June 1, 2019 (2) The unearned revenue relates to a $27,000 payment from a customer rec eived on May 1, 2019 for work to be performed each month for the next 18 mo nths Calculate the net income reported by ABC Company for 2019 after the appr opriate adjusting entries have been recorded and posted