Primo Landscaping commenced its business on January 1, On December 31, Primo Landscaping did not record any adjusting entries with respect to the following transactions: a. During the first year of its operations, Primo purchased supplies in the amount of $10,000 (debited to "Supplies expense"), and of this amount, $3,000 were unused as of December 31 b. On March 15, Primo received $36,000 for landscape maintenance services to be rendered for 24 months (beginning July 1). This amount was credited to "Landscaping revenue." c. The company's fuel bill for $1,300 for the month of December was not received until January 15 of the following year. d. The company borrowed $100,000 from First Bank on April lat an interest rate of 12% per year. The principal, along with all of the interest, is due on March 30, 2019 e. On January 17, the company purchased a backhoe for $65,000. The backhoe is expected to last for 10,000 hours and have no salvage value. During the year, Primo operated the backhoe for 500 hours. Required: Complete the table below, showing the effect of the omission of each year-end adjusting entry on assets, liabilities, and net income. Use "OS" for overstated, "US" for understated, and "NE" for no effect Required: Complete the table below, showing the effect of the omission of each year-end adjusting entry on assets, liabilities, and net income. Use "OS" for overstated, "US" for understated, and "NE" for no effect. Item Number Effect of Omission Assets Liabilities Net Income Direction of effect Dollar amount of effect b. Direction of effect Dollar amount of effect Direction of effect Dollar amount of effect d. Direction of effect Dollar amount of effect Direction of effect Dollar amount of effect