Before any month-end adjustments are made, the net income of Friendly Company is $125,000. However, the following adjustments are necessary: office supplies used, $7,500; services performed for clients but not yet recorded or collected, $3,200; interest accrued on note payable to bank, $3,400. After adjusting entries are made for the items listed above, Gannett company's net income would be:
A) $139,100.
B) $110,900.
C) $132,300.
D) $117,300.