17. Mikado Co. reported income of $224,000 for the year ended December 31, 20X9. However, a review of the books shows the following items unaccounted for at year end: On August 1, 20X9, Mikado received a $27,000 advance for a 9-month job, recording the payment in Unearned Revenue. Interest on a $20,000 note payable with a 12% interest rate is paid every 3 months, the last interest payment having been at the end of June 20X9. Mikado's payroll is 7 salaried employees, each earning $1,000 a week for a Monday- Friday workweek. Payday is Friday. December 31 was a Thursday. a. Prepare the adjusting entries for the year ended June 30, 20X8. b. What is Mikado's net income for 20X9?