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	$168,400
Total assets at May 31	898,000
Total liabilities at May 31	296,000
Total stockholders' equity at May 31	602,000

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

Unbilled fees earned at May 31, $8,530.

The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.Depreciation of equipment for May, $3,800.

Accrued wages at May 31, $2,730.

Supplies used during May, $2,390.

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) is presented as an example.

Net Income

Total Assets

=

Total Liabilities

+

Total Stockholders' Equity

Reported amounts:	$168,400	$898,000		$296,000		$602,000
Corrections:
Adjustment (a)	8,530	8,530		0		8,530
Adjustment (b)
Adjustment (c)
Adjustment (d)
Corrected amounts