The completed worksheet for Chavarria Corporation as of December 31, 20X1, after the company had completed the first month of operation, appears below. Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month 3. Prepare a balance sheot Analyze: If the adjustment to Prepaid Advertising had been $4,000 instead of $2,000, what net income would have resulted? inalyze: the adjustment to Prepaid Advertising had been $4,000 instead of $2,000, what net income would have resulted? Complete this question by entering your answers in the tabs below. Prepare an income statement. Analyze: f the odjustment to Prepaid Advertising had been $4,000 instead of $2,000, what net income would have resulted? Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. The owner made no additional investments during the month. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $4,000 instead of $2,000, what net income would have resulted? Complete this question by entering your answers in the tabs below. If the adjustment to Prepaid Advertising had been $4,000 instead of $2,000, what net income would have resulted