Leah Co Reported $7,000 of Net Income for 2016

Multiple Choice

Leah Co. reported $7,000 of net income for 2016. The following errors were then discovered: · Ending 2015 accrued expense was understated by $800.
· Ending 2016 unearned revenue was overstated by $75.
· Ending 2015 unearned revenue was overstated by $380.
Ignoring income taxes, what is the correct amount of 2016 net income?

A) $6,505
B) $5,895
C) $7,495
D) $6,655