On December 1, 2019, an advance rent payment of $14,400, 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: a. The three months of rent collected in advance on December 1, 2019. Cash Assets 14,400 = 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. Balance Sheet Assets Liabilities Income Statement Stockholders' Equity Net income Revenues Expenses Check my w