Mini-Exercise 7-1 (Algo) Unearned revenues-rent LO 3 On December 1, 2019, an advance rent payment of $10,200, representing a three-month prepayment for the months of December, January, and February, was received in cash from the company's tenant. Required: Complete the below table. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Use the horizontal model to record the effects of the following items: a. The three months of rent collected in advance on December 1, 2019. Assets Balance Sheet Liabilities Income Statement + Stockholders' Equity Net income Revenues Expenses + b. The adjustment that will be made at the end of each month to show the amount of rent "earned" during the month. Assets Balance Sheet Liabilities Income Statement + Stockholders' Equity Net income Revenues Expenses +