Before making its year-end adjustments, the net income for Barton Company was $98,000. Adjusting entries are necessary for the following items:
1. Salaries owed to employees at year-end but still unpaid amount to $4,000
2. Interest accrued to December 31 on deposits in the bank totaled $7,000
3. Revenues earned in December that were collected in advance totaled $2,800.Calculate Barton Company's net income for the year after the necessary adjustments are made