MGC IncReported $50,000 of Net Income for 20x2

MGC Inc.reported $50,000 of net income for 20x2.The following deferrals and accruals were not recorded in the 20x1 and 20x2 adjusting entries: MGC's correct 20x2 income was:

A) $51,300
B) $49,300
C) $48,500
D) $50,500