The completed worksheet for Chavarria Corporation as of December 31, 20X1, after the company had completed the first month of operation, appears below. CHAVARRIA CORPORATION Worksheet Month Ended December 31, 20X1 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 77,400 77,400 77,400 Accounts receivable 12,200 12,200 12,200 Supplies 10,500 6,200 4,300 4,300 Prepaid advertising 15,600 2,600 13,000 13,000 Equipment 65,000 65,000 65,000 Accumulated depreciationEquipment 1,300 1,300 1,300 Accounts payable 12,200 12,200 12,200 Isabel Chavarria, Capital 108,200 108,200 108,200 Isabel Chavarria, Drawing 7,400 7,400 7,400 Fees income 86,700 86,700 86,700 Supplies expense 6,200 6,200 6,200 Advertising expense 2,600 2,600 2,600 Depreciation expenseEquipment 1,300 1,300 1,300 Salaries expense 17,000 17,000 17,000 Utilities expense 2,000 2,000 2,000 Totals 207,100 207,100 10,100 10,100 208,400 208,400 29,100 86,700 179,300 121,700 Net income 57,600 57,600 86,700 86,700 179,300 179,300 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 $5,200 instead of $2,600, what net income would have resulted