Required information [The following information applies to the questions displayed below.] Golf Academy, Incorporated, provides private golf lessons. Its unadjusted trial balance at December 31, 2021, follows, along with information about selected accounts. Account Names Cash Supplies Deferred Revenue Salaries and Wages Payable Debit $ 31,400 500 Credit Further Information $ 2,950 0 Income Tax Payable Interest Payable Notes Payable (long-term) 13,800 Common Stock 1,000 Retained Earnings 2,500 Service Revenue Salaries and Wages Expense 35,600 Supplies Expense 1,900 Interest Expense Income Tax Expense Totals 0 $ 69,400 0 As reported on December 31 bank statement. Based on count, only $150 of supplies still exist. of this amount, $2,500 was received for December lessons and $450 for January lessons. Employees were paid $2,500 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30. The company has paid last year's income tax but not this year's tax. The company has not paid the $115 of interest owed on its notes payable for the current period. This one-year note was taken out this year on December 1. This amount was contributed for common stock in prior years. This is the balance reported at the end of last year. Most customers pay cash for lessons each time 49,150 they are provided, but some customers pay in $ 69,400 advance. Employees worked through December 30 but did not work on December 31. This is the cost of supplies used through November 30. The company has not paid the $115 of interest owed on its notes payable for the current period. The company has an average tax rate of 20%. 4-a. Calculate the adjusted net income that the company should report for the year ended December 31, 2021. 4-b. By what dollar amount did the adjustments in requirement 3 cause net income to increase or decrease? Req 4a Req 4b Calculate the adjusted net income that the company should report for the year ended December 31, 2021. GOLF ACADEMY, INCORPORATED Income Statement Revenues Service Revenue Total Revenues Expenses Salaries and Wages Expense Supplies Expense Income Tax Expense Total Expenses Net Income 0 Req 4a Req 4b By what dollar amount did the adjustments in requirement 3 cause net income to increase or decrease? Net income by