Deluxe Building Services offers janitorial services on both a contract basis and an hourly basis. On January 1, Deluxe collected $36,180 in advance on a six-month contract for work to be performed evenly during the next six months. Using the Transaction Analysis Template, determine the financial statement effect of the following: a. The January 1st receipt of $36,180 for contract work. b. The adjustment to be made on January 31, for the contract work done during January. c. At January 31, a total of 54 hours of hourly rate janitor work was unbilled. The billing rate is $19 per hour Provide the accrual entries needed on January 31. (Note: The firm uses the account Fees Receivable to reflect amounts due.) Note: Use negative signs with answers, when appropriate. Balance Sheet Income Statement Stockholders' Transaction a. Jan. 1 receipt for contract work. Assets = Liabilities + Equity Revenues - Expenses = Net Income 36,180 36,180 0 0 0 0 b. Jan. 31 adjustment for contract work. 0 0 0 0 0 0 c. Jan. 31 adjustment for unbilled janitor work. 1,026 0 1,026 1,026 0 1,026