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alue 10.00 points Consider the folowing transactions for Huskies Insurance Company a Equipment costing $36,000 s purchased at the beginning of the year for cash. Depreciation on the equipment is $6,000 per year b. On June 30, the company lends its chief financial officer $40,000 c. On October 1, the company $ principal and interest at 6% are due in one receives $12,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited Required: Indicate by how much net income in the income statement is higher or lower if the adjustment is not recorded Inco Total