This is a continuation of the Eli's Consulting Company from the previous chapter. 1. On December 31, 2019 Carlos Valdez counted the supplies. Remaining supplies totaled $1,000 2. On November 30, 2019, Eli's Consulting Services paid $8,000 rent for December and January. 3. On December 1, Eli's Consulting Services purchased $11,000 worth of equipment. The equipment has an estimated useful life of five years and no salvage value Show less Balance SheetImpact on Income General Journal General er Income Trial Balance Statement Requirement Equity (28% of available points) The adjusting entry process is critical to the accuracy of financial statements, we know that every adjusting entry affects one income statement account, one balance sheet account, but never cash. For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) (Round final answer to the nearest whole dollar.) Show less Account affecting the- Impact on net income Income Statement Balance Sheet Adjusting entry related to Supplies aid rent Depreciation Total impact on income due to adjustments Net income before adjustments Net income after adjustments 0 Account affecting the Impact on net income Adjusting entry related to Supplies Prepaid rent Depreciation Balance Sheet Income Statement Total impact on income due to adjustments: Net income before adjustments Net income after adjustments 0