Big Blue Rental Corporation provides rental agent services to apartment bullding owners. Big Blue Rental Corporation's preliminary Income statement for August $2022$ and Its August $31,2022,$ preliminary balance sheet did not reflect the following:a$.$ Rental commissions of $$500$ had been earned in August but had not yet been recelved from or billed to building ownersb. When supples are purchased, their cost is recorded as an asset. As supplies are used, a record of those used is kept. The record sheet shows that $$360$ of supplies were used In August.c$.$ Interest on the note payable is to be pald on May $31$ and November $30.$ Interest for August has not been accrued$-$that is$,$ It has not yet been recorded. $($The Interest Payable of $$80$ on the balance sheet is the amount of the accrued lability at July $31)$ The Interest rate on this note Is $10\%.$d$.$ Wages of $$260$ for the last week of August have not been recordede. The Rent Expense of $$1,020$ represents rent for August, September, and October, which was pald early In August.f$.$ Interest of $$280$ has been earned on notes recelvable but has not yet been recelvedg. Late In August, the board of directors met and declared a cash dividend of $$2,800,$ payable September $10.$ Once declared, the dividend Is a llability of the corporation until it is pald.Required:a$.1.$ Using the columns provided on the Income statement for Big Blue Rental Corporation, make the approprlate adjustments or corrections to the statements, and enter the correct amount in the Final column. $($Hint$.$ Use the five questions of transaction analysis.$)2.$ Using the columns provided on the balance sheet for Big Blue Rental Corporation, make the approprlate adjustments or corrections to the statements, and enter the correct amount in the Final column. $($Hint Use the five questions of transaction analysis.$)$Complete this question by entering your answers in the tabs below.Required A$1$Required AzUsing the columns provided on the income statement for Big Blue Rental Corporation, make the appropriate adjustments or corrections to the statements, and enter the correct amount in the Final column. $($Hint: Use the five questions of transaction analysis.$)$BIG BLUE RENTAL CORPORATIONIncoine StatementAugust $2022$Adjustments or CorrectionsPreliminaryDebitCreditFinalCommissions revenueS$9\mathrm{.}000$interest revenue$1\mathrm{.}700$wotal revenues$10700$went expense$1020$wages expense$2980$eupplesiexpensemerest expenseTotel expensesS$5\mathrm{.}400$S