On December 31, 2018, Alan and Company prepared an income statement and balance sheet but failed to take into account four adjusting journal entries. The income statement, prepared on this incorrect basis, reported income before income tax of $29,000. The balance sheet (before the effect of income taxes) reflected total assets, $88,000; total liabilities, $39,000; and stockholders' equity, $49,000. The data for the four adjusting journal entries follow: a. Effect of Amortization of $7,800 for the year on software was not recorded. b. Salaries and Wages amounting to $16,800 for the last three days of December 2018 were not paid and not recorded (the next payroll will be on January 10, 2019). c. Rent revenue of $4,500 was collected on December 1, 2018, for office space for the three-month period December 1, 2018, to February 28, 2019. The $4,500 was credited in full to Deferred Revenue when collected. d. Income taxes were not recorded and not paid. The income tax rate for the company is 30%. Required: Complete the following table to show the effects of the four adjusting journal entries. (Negative amounts should be indicated by a minus sign.) Items Net Income Total Assets Total Liabilities $ 29,000 $ 88,000 $ 39,000 $ Stockholders' Equity 49,000 Amounts reported a. Effect of amortization b. Effect of salaries and wages c. Effect of rent revenue Adjusted balances d. Effect of income tax Correct amounts Daube Company's operations for the month of July are summarized as follows: A. Provided $9,000 of services on account. B. Received $3,200 cash from customers for services provided in July. C. Received $1,600 cash for services to be provided in August. D. Received $4,200 cash from customers on account for services provided in June. E. Paid June's warehouse rental bill on account in the amount of $1,100. F. Received July's warehouse rental bill of $1,400; set it aside to be recorded at a later date. Required: a. Determine the net income for July using the cash basis of accounting. b. Determine the net income for July using the accrual basis of accounting. Complete this question by entering your answers in the tabs below. Required A Required B Net Income