You are presented with the following unadjusted trial balance and additional information for Berkeley Acronautics, Inc. for December 31, 2019. The company adjusts the books only at end of year. Accounts payable Accounts receivable Cash Common stock Dividends Equipment Government contract revenue Prepaid rent Private sector revenue Retained earnings Supplies Unearned revenue Wages expense $5,000 $4,000 $26,000 $20,000 $3,000 $16,000 $17,000 $4,000 $8,000 $10,000 $2,000 $5,000 $10,000 Information needed for adjustments: 1. Prepaid Rent was recorded on November 215 when the company paid four months rent in advance for December 1st through March 31st. 2. A count of supplies on December 315 determined that 8850 remain. 3. In early December, the company received $5,000 from the State of California for services in advance. During the month, Berkeley Aeronautics earned 70% of the revenue. 4. Wages of $14,000 are paid at the end of every week. The current pay period is December 30th - ) - January sth After adjusting entries, what is Berkeley Aeronautic's net income for the period year