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QUESTION 4 On June 12, Carpenter Printing printed $17,734 in magazines for the Pierre Company. The magazines were delivered on June 15, along with an invoice for 56,295 due July 15. Per the contract negotiated by the Pierre Company with Carpenter Printing, $4,871 will be invoiced in July and will be due August 15; the remainder will be invoiced in August and will be due September 15. On June 18, Cecil Advertising Agency signed a contract with Carpenter Printing to print advertisements, paying $20,463 in advance. $9,321 in advertisements are contracted to be printed in June and 531,837 in advertisements are contracted to be printed in July. On June 30, 511,832 of advertisements were printed and delivered to Cecil Advertising. On June 30, S1,501 of the S15,849 in supplies remaining on May 31 have not been used. Based on these transactions alone, what is the effect on the Net Income on the Income Statement on June 302