Good afternoon; I hope all is well. I just need the Fees earned and the net income, please.

Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year are as follows Debits Credits Accounts Receivable $ 79,500 Equipment 342,700 Accumulated Depreciation-Equipment $102.700 Prepaid Rent 9,300 Supplies 3,180 Wages Payable Unearned Fees 14,100 Fees Earned 670,200 Wages Expense 329,600 Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: ** Unbilled fees at July 31, $10,250. Supplies on hand at July 31. $930. Rent expired. $5.800. Depreciation of equipment during year. $8.750. - Unearned fees at July 31. $2.100. Wages accrued but not paid at July 31. $4.900. PAGE 10 JOURNAL Da Score: 151/151 ACCOUNTING EQUATION DATE DESCRIPTION POST.EE DOT CREDIT ASSETS LATIES EQUITY Adjusting Entries 2 JUL 31 Accounts Receivable 10.250.00 3 Fees Eamed 10.750,00 Jul 31 Supplies Expense 2.250.00 Supplies 2.250.00 Jul 31 Rent Expense 5.800.00 Prepaid Rent 5.800.00 8.750,00 . 31 Depreciation Expense Accumulated Depreciation Equipment JUL 31 Unearned Fees 1.750,00 13 12.000.00 Fees Earned 12.000.00 4,900.00 1 JUL 31 Wages Expense 11 4,900.00 Wages Rayable 2. What would be the effect on the income statement if the adjustments for unbilled fees and accrued wages we Over/Understated Amount Fees earned Understated GA Wages expense Understated $4,900.00 Net income Understated GA