On December 31, a company is preparing its yearend financial statements. All accoumt balances have been updated for transactons during the year, but no year-end adjusting entries have yet been made. The following information is avallable: - On September 1, the company paid \\( \\$ 60,000 \\) to rent a storage faclity for 12 months. - On November 1, the company recelved \\( \\$ 36.000 \\) from a customet for services to be provided evenly over the next six months. - During the year, the company paid and recorded \\( \\$ 30,000 \\) in income tax expense. On December 31 , the company determines it owes additional income tax of \\( \\$ 10.000 \\) but that amount wor't be pald until next April 15 . - On April 1, the company lent \\( \\$ 100,000 \\) to one of its suppliers. The pincipal and \8 interest are due in one year. Note: The interest is simple interest and not compound.) Required: Complete this question by entering your answers in the tabs below. Intial amounter shown in the dashboard are before any adjusing entries. For each item select the appropriate amount of the adjusting entry and determine whecher there is an increase or decrease to total assets, tocal labilises, and zotal stockholders? equity. equity. Complete this question by entering your answers in the tabs below. For each adjusting entry, determine whether there is an increase or decrease to total revenues, total expenses income. Complete this question by entering your answers in the tabs below. What is the amount of net income (loss) before any adjusting entries and after all adjusting entries? Note: Amounts to be deducted should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. The company plans to use the income statement to obtain a loan from the bank. Using your answers in Required \\( =3 \\), is the bank more or less likely to lend to the company if the bank bases its lending decision on net income after adjusting entries instead of net income before adjusting entries