Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2018, follows, along with Information about selected accounts. Account Names Debit Credit further Information Cash $32,800 As reported on December 31 bank statement. Supplies 780 Based on count, only $290 of supplies still exist. Deferred Revenue $ 2,990 of this amount, $2,400 was received for December lessons and $590 for January lessons. Salaries and Wages payable 0 Employees were paid $1,900 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30. Income Tax Payable 0 The company has paid last year's income tax but not this year's tax. Interest Payable 0 The company has not paid the $115 of interest owed on its notes payable for the current period. Noten Payable (long-term) 13,800 This one-year note was taken out this year on December 1. Common Stock 1,000 This amount was contributed for common stock in prior years. Retained Earnings 3,900 This is the balance reported at the end of last year. Service Revenue 52,190 Most customers pay cash for lessons each time they are provided, but some customers pay in advance. Salaries and Wages Expense 37,000 Employees worked through December 30, but did not work on December 31. Supplier Expense 3,300 This in the cost of supplies unted through November 30. Interest Expense 0 The company has not paid the $115 of interest owed on its notes payable for the current period. Income Tax Expense The company has an average tax rate of 201. Totals 573,380 573,880 0 Calculate the adjusted net income that the company should report for the year ended December 31, 2018. GOLF ACADEMY, INC. Income Statement For the Year Ended December 31, 2018 Revenues Service Revenue $ 54,590 54,590 > 37 Total Revenues Expenses Salaries and Wages Expense Supplies Expense Interest Expense Income Tax Expense 37 Total Expenses Net Income 4-a. Calculate the adjusted net income that the company should report for the year ended December 31, 2018 4-b. By what dollar amount did the adjustments in requirement 3 cause net income to increase or decrease? Answer is not complete Complete this question by entering your answers in the tabs below. Reg 4a Reg 4 By what dollar amount did the adjustments in requirement 3 cause net income to increase or decrease?