5. The following information is for Atlas Associates for the month ended November 30, 20- Fees Earned, $31 700; Salaries Expense, $13 400; Rent Expense, $6 000; General Expense, $1 200; Advertising Expense, $600; Car Expense, $3 700; Utilities Expense, $3 500 employee A. Prepare an income statement for the month. B. The Salaries Expense of $13 400 included a $1 400 advance paid to an who desperately needed the money. The accounting clerk included the $1400 in Salaries Expense because the employee was going to earn this amount of money in December. What GAAP did the clerk violate when preparing the November expense figures? Explain why this was a violation. C. Calculate the November net income if the GAAP you noted above had been followed. D. Would the net for December be higher or lower if the GAAP was not followed