The Unadjusted Net Income on the Income Statement Was $23,760

Multiple Choice

The unadjusted net income on the income statement was $23,760. After journalizing and posting the adjusting entries for the $1,620 of supplies used and $3,700 of depreciation on the company's equipment for the year, the adjusted net income is:

A) $25,840.
B) $18,440.
C) $21,680.
D) $29,080.