At the end of May, the first month of operations, the following selected data were taken from the financial statements of Julie Mortenson, Attorney at Law, P$.$C$.$:

Net income for May

$$162,300$

$867,000$

$286,000$

$581,000$

Total assets $at$ May $31,867,000$

Total liabilities $at$ May $31,286,000$

Total stockholders' equity $at$ May $31581,000$

In preparing the financial statements, adjustments for the following data were overlooked:

a$1.$ Unbilled fees earned at May $31,$$$6,290.$

a$2.$ Depreciation of equipment for May, $$2,800.$

a$3.$ Accrued wages at May $31,$$$2,010.$

a$4.$ Supplies used during May, $$1,760.$

Instructions:

Determine the correct amount of net income for May and the total assets, liabilities, and stockholders' equity at May $31.$ In addition to indicating the corrected amounts, indicate the effect of each omitted adjustment by setting up and completing a columnar table below. Enter account decreases as negative amounts. If an effect is zero, enter $"0".$ Adjustment a $1$ is presented as an example.ble$[[$Total assets at May $31,867,000],[$Total liabilities at May $31,286,000],[$Total stockholders' equity at May $31,581,000]]$

In preparing the financial statements, adjustments for the following data were overlooked:

a$1.$ Unbilled fees earned at May $31,$$$6,290.$

a$2.$ Depreciation of equipment for May, $$2,800.$

a$3.$ Accrued wages at May $31,$ $$2,010.$

a$4.$ Supplies used during May, $$1,760.$

Instructions: example.

$\backslash$table$[[,$Net Income,Total Assets $=,$Total Liabilities $+,$Total Stockholders' Equity$],[$Reported amounts,$$162,300,$$$867,000,$$$286,000,$$$581,000$