Amazon prepays $100 in expenses what happens to the income statement? (40\% Tax Rate) No changes to the income statement Expenses are down $60 Net income is down $50 Pretax income is down $100 Netflix required users to pay all of the monthly subscription plan a year in advance resulting in $120 in deferred revenue. How does this affect the balance sheet before the first month? (35\% Tax Rate) Deferred Revenue is up 78 dollars No changes to the income statement Cash is up 120 Accounts Receivable is up 120 dollars On your three-statement model, change the revenue growth rate to 10% in 2020 . What is the net income in 2024 ? 11,804 8,550 12,495 9,359