Sweeney & Allen, a large marketing rm, adjusts its accounts at the end of each month. The following information is available for the year ending December 31. 1. 2. Jam a. b. A bank loan had been obtained on December 1. Accrued interest on the loan at December 31 amounts to $1,160. No interest expense has yet been recorded. Depreciation of the firm's ofce building is based on an estimated life of 30 years. The building was purchased four years ago for $340,000. . Accrued, but unbllled, revenue during December amounts to $70,000. . On March 1, the firm paid $1,700 to renew a 12-month insurance policy. The entire amount was recorded as Prepaid Insurance. . The rm received $15,000 from King Biscuit Company in advance of developing a six-month marketing campaign. The entire amount was initially recorded as Unearned Revenue. At December 31, $3,300 had actually been earned by the rm. . The company's policy is to pay its employees every Friday. Since December 31 fell on a Wednesday, there was an accrued liability for salaries amounting to $2,100. Record the necessary adjustingjournal entries on December 31. By how much did Sweeney & Allen's net income increase or decrease as a result of the adjusting entries performed in part a? (Ignore income taxes.) Complete this question by entering your answers in the tabs below. Required A Required B Record the necessary adjusting journal entries on December 31. (If no entry is required for a transaction/event, select "No jour required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 4 5 6 Record interest accrued on bank loan during December. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal ScreenshotComplete this question by entering your answers in the tabs below. Required A Required B By how much did Sweeney & Allen's net income increase or decrease as a result of the adjusting entries performed in part a? (Ignore income taxes.) (Round your final answer to the nearest whole dollar.) ( Required A