1. An insurance policy covering 12 months was purchased on October 1, 2024, for $21,600. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2024. 2. During 2024, the company received a $3,600 cash advance from a customer for services to be performed in 2025. The $3,600 was incorrectly credited to Service Revenue. 3. Purchases of supplies during the year were incorrectly recorded to Supplies Expense. You discover that supplies costing $2,550 were on hand at December 31, 2024. 4. Trojan borrowed $66,000 from a local bank on September 1, 2024. Principal and interest at 12% will be paid on August 31, 2025. No accrual was made for interest in 2024. Required: Using the information in 1 through 4 above, determine the proper amount of net income as of December 31, 2024. (Do not round Intermedlate calculations. Amounts to be deducted should be Indicated with a minus sign.) Net income (unadjusted) 1. Adjustment for insurance 2. Adjustment for deferred revenue 3. Adjustment for supplies 4. Adjustment for interest $ 96,000 Net income (adjusted) 2$ 96,000