Prepare an answer sheet with the column headings shown here. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net income by entering for each account affected the account name and amount and indicating whether it is an addition $(+)$ or a subtraction $().$ Transaction a has been done as an illustration. Net income is not affected by every transaction. In some cases only one column may be affected because all of the specific accounts affected by the transaction are included in that category. Page $177$ Table Summary: Accrued interest revenue of $$30$ on a note receivable. Four columns: Current Assets, Current Liabilities, Stockholders$$ Equity and Net Income. Under Current Assets, Interest Receivable increases by $30.$ Under Net Income, Interest Revenue increases by $30.$ Current Assets Current Liabilities Stockholders$$ Equity Net Income a$.$ Accrued interest revenue of $$30$ on a note receivable. Interest Receivable $+30$ Interest Revenue $+30$ Recorded estimated bad debts in the amount of $$1,400.$ Wrote off an overdue account receivable of $$1,040.$ Converted a customer$$s $$2,400$ overdue account receivable into a note. Accrued $$96$ of interest earned on the note $($in d$).$ Collected the accrued interest $($in e$).$ Recorded $$8,000$ of sales, $70\%$ of which were on account. Recognized cost of goods sold in the amount of $$6,400.$