Dyer, Inc., completed its first year of operations on December 31, 2021. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement: You are an independent CPA hired by the company to audit the firm's accounting systems and financial statements. In your audit, you developed additional data as follows: a. Wages for the last three days of December amounting to $310 were not recorded or paid. b. The $400 telephone bill for December 2021 has not been recorded or paid. c. Depreciation of equipment amounting to $23,000 for 2021 was not recorded. d. Interest of $500 was not recorded on the notes payable by Dyer, Inc. e. The Rental Revenue account includes $4,000 of revenue to be earned in January 2022 . f. Supplies costing $600 were used during 2021 , but this has not yet been recorded. g. The income tax expense for 2021 is $7,000, but it won't actually be paid until 2022 . Required: 1. What adjusting journal entry for each item (a) through (g) should be recorded at December 31,2021 ? If none is required, explain why. 2. Prepare, in proper form, an adjusted income statement for 2021. 3. Did the adjustments have a significant overall effect on the company's net income? By what dollar amount did net income change as a result of the adjustments