XYZ Company began operations on January 1, 2027 by selling common stock to owners in exchange for $90,000 cash. During 2027, XYZ Company entered into the following transactions: 1. On January 1, XYZ Company purchased a piece of equipment for $40,000 cash. The equipment had a 6-year life and a $7,000 residual value. 2. On May 1, XYZ Company purchased a three-year insurance policy for $18,000 cash. 3. On April 23, XYZ Company purchased inventory for $30,000 cash. 4. On September 30, a customer paid XYZ Company $70,000 cash for services to be performed over the next 20 months. 5. On November 1, XYZ Company sold one-half of the inventory that was purchased on April 23 for $64,000 cash. Calculate the amount of net income reported by XYZ Company in its 2027 income statement after all the above transactions have been recorded and all of the necessary adjusting entries have been made.数值题