S A Associates adjusts its accounts at the end of each month The following information is available for the year ending December 31, 2009 A bank loan had been obtained on December 1, Accrued interest on the loan at December 31, amounts to $1200 No interest expense has yet been recorded Depreciation of the firms office building is based on the estimated life of 25years The building was purchased in 2005 for $330,000 Accrued, unbilled, revenue during December amounts to $64,000 On March 1, the firm paid $1,800 to renew a 12 month insurance policy The entire amount was recorded as Prepaid Insurance The firm received $14,000 from King Biscuit Company in advance of developing a six month marketing compaign The entire amount was initially recorded as unearned revenue At December 31, $3,500 had actually been earned by the firm The companys policy is to pay its employees every Friday Since December 31 fell on a Wednesday, there was an accrued liability for salaries amounting to $2,400 Record the necessary adjusting journal entries on December 31, 2009 By how much did S A Associates net income increase or decrease as a result of adjusting entries performed in part a (ignore income taxes)

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S & A Associates adjusts its accounts at the end of each month. The following information is available for the year ending December 31, 2009:

A bank loan had been obtained on December 1, Accrued interest on the loan at December 31, amounts to $1200.No interest expense has yet been recorded.
Depreciation of the firms office building is based on the estimated life of 25years. The building was purchased in 2005 for $330,000.
Accrued, unbilled, revenue during December amounts to $64,000.
On March 1, the firm paid $1,800 to renew a 12-month insurance policy. The entire amount was recorded as Prepaid Insurance.
The firm received $14,000 from King Biscuit Company in advance of developing a six-month marketing compaign.The entire amount was initially recorded as unearned revenue. At December 31, $3,500 had actually been earned by the firm.
The companys policy is to pay its employees every Friday. Since December 31 fell on a Wednesday, there was an accrued liability for salaries amounting to $2,400.

Record the necessary adjusting journal entries on December 31, 2009.
By how much did S &A Associates net income increase or decrease as a result of adjusting entries performed in part a?(ignore income taxes)