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Need to know how much the net income decreased by, I have the income statement corrected and completed already but missing Req 4B Credit Nccount

Need to know how much the net income decreased by, I have the income statement corrected and completed already but missing Req 4B image text in transcribed
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Credit Nccount Names Cash Supplies Deferred Revenue Debit $23,500 270 $ 1,470 Salaries and Wages Payable 0 on Income Tax Payable 0 0 Interest Payable Notes Payable Common Stock Further Information As reported on December 31 bank statement. Based on count, only $185 of supplies still exist of this amount, $470 was received for December lessons and $1,000 for January lessons. The employee was paid $600 for 10 days of work through December 29. She has not yet been paid for work December 30 and 31. The company has paid last year's income tax but not this year's taxes. The company has not paid the $105 of interest owed on its notes payable for the current period. This one-year note was taken out this year on December 1. This amount was contributed for common stock in prior years. This is the balance reported at the end of last year. Most customers pay cash for lessons each time they are provided, but some customers pay in advance. The company's employee worked through December 31. This is the cost of supplies used through November 30. The company has not paid the $105 of interest owed on its notes payable for the current period. The company has an average tax rate of 25. 12,600 1,100 Retained Earnings Service Revenue 2,700 24,470 Salaries and Wages Expense Supplies Expense Interest Expense 17,800 770 0 Income Tax Expense Totals $42,340 $42,340 4-a. Prepare the final income statement for the company as of the year ended December 31, 2018. 4-b. By what dollar amount did the ajustments in requirement (3) cause net income to increase or decrease? Complete this question by entering your answers in the tabs below. Reg 4 Reg 4B By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Net income decreased BE Required information Prepare the final income statement for the company as of the year en LEARN TO PLAY, INC. Income Statement For the Year Ended December 31, 2018 Revenues Service Revenue $ 24,940 24,940 Total Revenues Expenses Salaries and Wages Expense Supplies Expense Interest Expense 17,920 855 105 Total Expenses Net Income 18,880 $ 4,545 ROQ 4A

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