Using the information presented in #5above,answer the following:

After all (4) adjusting entries have been recorded, determine Net Income as of December 31, 2017:

USE THE FOLLOWING INFORMATION FOR THE NEXT (2) QUESTIONS: Below is the trial balance before adjustment for the Maverick Company: MAVERICK COR/[PANY Trial Balance Before Adjustment December 31, 2017 $ 51,000 Accounts Receivable 4 ,500 Note Payable Uneamed Revenues Common Stock Retained Earnings Dividends Revenues Salary & Wage Expense Rent Expense TOTALS Additional Information: 1. Supplies on hand at the end of December were $1,200 2. Of the unearned revenues, 60% of the work had been completed during the year. 3. On Nov. 1, 2017, Maverick paid 6-months of rent in advance for a total of $6,000. The bookkeeper debited rent expense when recording this payment. 4. As of December 31\"\