HW Saved Required information Exercise 3-14A Recording and reporting revenues received in advance LO P6 {The following information applies to the questions displayed below.] Costanza Company experienced the following events and transactions during July. July 1 Received $3,500 cash in advance of performing work for Vivian Solana. 6 Received $6,300 cash in advance of performing work for Iris Haru. 12 Completed the job for Solana. 18 Received $8,000 cash in advance of performing work for Amina Jordan. 27 Completed the job for Haru. 31 None of the work for Jordan has been performed. Exercise 3-14A Part c. Under each method, determine the amount of earned fees reported on the income statement for July and the a fees reported on the balance sheet as of July 31. Initially recorded as Fees Earned Initially recorded as Unearned Fees 8,000 9,800 Unearned fees Fees earned