Required Information [The following Information applies to the questions displayed below] Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $60 in advance for a one-year subscription. During the month of August 2019, Evans Ltd. sold 500 one-year subscriptions and received payments in advance from all new subscribers. Only 350 of the new subscribers paid their fees in time to receive the August newsletter, the other subscriptions began with the September newsletter Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) Required: a-1. Use the horizontal model to record the effects of subscription fees received in advance during August 2019. Indicate the financial statement effect (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Cash Balance Sheet Liabilities Unearned subscription revenue Income Statement Stockholders Equity Net Income Revenues Expenses a-2. Use the horizontal model to record the effects of subscription revenue earned during August 2019 Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Balance Sheet Liabilities Income Statement + Stockholders' Equity Net Income Revenues Expenses