Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:

Crazy Mountain Outfitters Co.
Unadjusted Trial Balance
April 30, 2018
	Debit Balances		Credit Balances
Cash	11,400
Accounts Receivable	72,600
Supplies	7,200
Equipment	112,000
Accounts Payable			12,200
Unearned Fees			19,200
Common Stock			20,000
Retained Earnings			117,800
Dividends	10,000
Fees Earned			305,800
Wages Expense	157,800
Rent Expense	55,000
Utilities Expense	42,000
Miscellaneous Expense	7,000
	475,000		475,000

For preparing the adjusting entries, the following data were assembled:

Required:

Supplies on hand on April 30 were $1,380.

Fees earned but unbilled on April 30 were $3,900.

Depreciation of equipment was estimated to be $3,000 for the year.

Unpaid wages accrued on April 30 were $2,475.

The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $14,140 of the services was provided between April 1 and April 30.

2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. before the adjusting entries.

Revenues	$
Expenses
Net income	$

3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries.

Revenues	$
Expenses
Net income	$

4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings increases by $.