The picture got cut off on the income statement so after revenues it's - Expenses = Net Income. Please include this when completing work thank you.

Assessing Financial Statement Effects of Transactions and Adjustments Across Two Periods Sloan Company has the following account balances at December 31, the end of its fiscal year (all accounts have normal balances). Prepaid advertising $960 Wages expense 35,040 Prepaid insurance 2,736 Unearned service fees 4,320 Service fees earned 69,600 Rental income 3,920 a. Prepare Sloan Company's accounting adjustments at December 31 using the financial statement effects template and the following additional information. 1. Prepaid advertising at December 31 is $640. 2. Unpaid wages earned by employees in December are $2,080. 3. Prepaid insurance at December 31 is $1,824. 4. Unearned service fees at December 31 are $2,400. 5. Rent revenue of $800 owed by a tenant is not recorded at December 31. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Incomes Balance Sheet Liabilities Transaction Cash Asset + Noncash Assets + Contrib. Capital + Earned Capital Revenues 1. 0 0 = 0 0 0. 0 2. 0 0 = 0 0 0 0 - A 3. 0 0 = 0 0 0 0 A 4. 0 0 = 0 0 0 0 A A . 5. 0 0 = 0 0 0 0 - A b. Use the financial statement effects template to record the following transactions on January 4 of the following year: 1. Payment of $3,840 cash in wages. 2. Cash receipt from the tenant of the $800 rent revenue. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Income S Transaction Cash Asset + Noncash Assets Liabilities + Contrib. Capital + Earned Capital Revenues 1. 0 0 = 0 0 0 0 2. 0 0 = 0 0 0 0 Check Cash Asset + Noncash Assets Transaction 1. 0 A C - C - Accounts Payable Accounts Receivable Advertising Expense C Advertising Revenue Cash Depreciation Expense Insurance Expense C Prepaid Advertising Prepaid Insurance Rent Income b. Use the mplate to record the Retained Earnings January 4 Service Revenue 1. Paymen 2. Cash rec Unearned Service Revenue 300 rent revenue. Wages Expense Note: For Wages Payable te the appropriate ac for any acc N/A d for a given transact Note: Indicate a decrease in an account category by including