On December 1, 2019, an advance rent payment of $11,400, 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: The three months of rent collected in advance on December 1, 2019. Balance Sheet Assets Liabilities + Stockholders' Equity Net Income b. The adjustment that will be made at the end of each month to show the amount of rent earned" during the month. Balance Sheet Assets Llabilities Stockholders' Equity Not income