Q2. The balances for the accounts of Lance's Consulting Firm, Inc. for the year ended December 31 are shown below. Each account shown had a normal balance Accounts payable Accounts receivable Cash Office Supplies Building Supplies expense Consulting Revenue S 6,400 7,000 10,000 1,000 99.000 15,000 150,000 Wages expense Rent expense Retained Earnings $35,000 5,000 68,700 53,000 7,000 20,000 12,900 an Unearned Revenue Dividends Common Stock Instructions: Calculate Net Income. (2 marks)