Required information Glenn's Cloaning Services Company is experiencing cash How problems and needs a loan. Glenn has a friend who is willing to lend him the money he needs provided she can be convinced that he will be able to repay the debt. Glenn has assured his friend that his business is vable, but his friend has ashed to see the company's financial statements. Glenn's accountant produced the following financlat statements: Glenn made the following adjustments to these statements before showng them to his friend. He recorded $82,000 of revenue on account from Barrymore Manutacturing Company for a contract to elean iss headquarters office building that was stiil being negotiated for the next month. Barrymore had scheduled a meeting to sigh a contract the follewing woek, so Glenn was sure that he would get the job. Barrymore was a repuable compory, and Glenn was contident that he could uhimately collect the $82,000. Also, he subtracted $30,000 of accived salaries expense and the corresponding liability. He reasoned that since he had not paid the employees, he had not incurred any expense Required: a. Reconstruct the income statement and balance sheet as they would appear after Gionn's adjustments. Afer accounting for the adjustments, how much is net income and total assets