Dittman's Variety Store is completing the accounting process for the current year just ended, Decomber 31. The transactions during year have been jumalized and posted. The following data with respect to adjusting entries are available: Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to 54,100. The last payroll was December 28, the next payroll will be January b. Office supplies on hand at January 1 of the current year totaled totaled 5730, Office supplies purchased and debited to Office Supplies during the ynar amounted to $920. The year end count showed 5415 of supplies on hand c One-fourth of the basement space is rented to Heald's Specialty Shop for $700 per month payable monthly. At the end of the current year, the rent for November and December rad d. The store used delivery equipment all year that cost $74,500 $19,100 was the estimated annual depreciation On July 1 of the current year, a two-year Insurance premium amounting to $3.240 was paid in cash and debited in full to Prepaid Insurance Coverage begin on July 1 of the current year f. The remaining basement of the store is rented for $1,880 per month to another merchant, M. Carlos, Inc. Carlos sells compatible, but not competitive, merchandise On November 1 of the current year, the store collected six months rent in the amount of $11,280 in advance from Carlos, it was credited in full to Unearned Rent Revenue when collected Dittman's Variety Store operates a repair shop to meet its own needs. The shop also does repairs for M. Carlos. At the end of the current year, Carlos had not paid $1080 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue Collection is expected during January of next year Required: For each of the transactions above, indicate the amount and direction of effects of the adjusting entry on the elements of the balance sheet and income statement. Using the table below. indicate for increase and for decrease Income Statement Revenue Expenses Net Income Balance her Transaction Anset Liabilities Stockholders Equity (a) (0) (0) (9) (el ol