Section Two (6 points) The Draper Company Records these journal entries: $40 $17 $12 Cash received for services in advance Accrued Expense Used portion of Prepaid Insurance Required: Indicate the net effect of these journal entries on the following items. Indicate the dollar amount of the effect and the direction of the effect. (Example: $13 Increase, or $8 Decrease, or NO EFFECT) Net Income a) Total Assets b) Total Liabilities c) Retained Earnings $ d) $ Total Equity e) Working Capital f)