The following is selected information from Vaughn Manufacturing for the fiscal year ending October 31, 2025. Based on the accrual basis of accounting, what is Vaughn's net income for the year ending October 31, 2025? $259080 $275400 $228480 $212160 On January 1, 2025. Ayayai Corp. purchased equipment for $47520. The company is depreciating the equipment at the rate of $660 per month. The book value of the equipment at December 31,2025 is: $39600. $7920. $0. $47520. Sheridan Company purchased $7140 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30 , an inventory of the laundry supplies indicated only $1260 on hand. The adjusting entry that should be made by the company on June 30 is debit Supplies Expense, \$1260; credit Supplies, $1260. debit Supplies, $5880; credit Supplies Expense, $5880. debit Supplies, \$1260; credit Supplies Expense, \$1260. debit Supplies Expense, \$5880; credit Supplies, \$5880. Current Attempt in Progress Blue Spruce Corp, received a check for $20880 on July 1 , which represents a 6 -month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $20880. Financial statements will be prepared on July 31 . Blue Spruce should make the following adjusting entry on July 31 debit Unearned Rent Revenue, \$3480; credit Rent Revenue, \$3480. debit Unearned Rent Revenue, \$20880; credit Rent Revenue, $20880. debit Rent Revenue, \$3480; credit Unearned Rent Revenue, \$3480. debit Cash, \$20880; credit Rent Revenue, \$20880