The unadjusted trial balance and the adjustment data for Robin Training Institute are given below along with adjusting entry information. Robin Training Institute Unadjusted Trial Balance as at 31 August 2021 RM RM 58,000 59,000 12,000 8,000 2,000 57,500 17,500 55,000 Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation for equipment Buildings Accumulated depreciation for buildings Land Unearned rent Bank loan Capital Fees earned Wages Utilities Repairs and maintenance Interest expense Total (16,000 50,000 115,600 97,400 32,000 8,000 5.000 4,000 298,500 298,500 Additional information: The Prepaid Insurance account consists of a payment for one year policy. An analysis of the insurance invoice indicates that one half of the policy has expired by the end of the 31 August year-end. ii. A cash payment for space sublet for 8 months was received on 1 March and was credited to Unearned Rent. iii. Accrued interest expense on the loan of RM1,000 has been incurred but not paid. Required: If these adjustments are not recorded, a. Show and explain the impact on net income with calculation without the adjustments and with the adjustments. b. Explain the accounting principles that are being violated if the adjustments are not made