The completed worksheet for Cantu Corporation as of December 31, 2019, after the company had completed the first month of operation, appears below.

CANTU CORPORATION Worksheet Month Ended December 31, 2019
		Trial Balance						Adjustments						Adjusted Trial Balance						Income Statement						Balance Sheet
Account Name		Debit			Credit			Debit			Credit			Debit			Credit			Debit			Credit			Debit			Credit
Cash		76,900												76,900												76,900
Accounts Receivable		11,700												11,700												11,700
Supplies		9,500									5,700			9,500												3,800
Prepaid Advertising		12,600									2,100			12,600												10,500
Equipment		92,500												92,500												92,500
Accumulated DepreciationEquipment											1,850						1,850												1,850
Accounts Payable					11,700												11,700												11,700
Selena Cantu, Capital					107,700												107,700												107,700
Selena Cantu, Drawing		6,900												6,900												6,900
Fees Income					108,700												108,700						108,700
Supplies Expense								5,700						5,700						5,700
Advertising Expense								2,100						2,100						2,100
Depreciation Expense-Equipment								1,850						1,850						1,850
Salaries Expense		16,500												16,500						16,500
Utilities Expense		1,500												1,500						1,500
Totals		228,100			228,100			9,650			9,650			229,950			229,950			27,650			108,700			202,300			121,250
Net Income																				81,050									81,050
																				108,700			108,700			202,300			202,300

Required:

Prepare an income statement.

Prepare a statement of owners equity. The owner made no additional investments during the month.

Prepare a balance sheet.

Analyze: If the adjustment to Prepaid Advertising had been $4,200 instead of $2,100, what net income would have resulted?