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As of December 31, 2018, Norris Inc. reported the following balances in Column I in its unadjusted trial balance. After recording adjusting journal entries for

As of December 31, 2018, Norris Inc. reported the following balances in Column I in its unadjusted trial balance. After recording adjusting journal entries for the year, the balances reported in Column II reflect those reported in its adjusted trial balance:

I

II

Unadjusted

Adjusted

Prepaid Insurance

$102

$37

Unearned Revenue

87

59

Wages Payable

67

84

What effect did the adjusting journal entries have on net income for the year ended December 31, 2018? Note: If the adjusting journal entries decreased net income, please use a negative number to indicate the magnitude of the decrease.

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