Transaction Analysis and Adjustments Beale Building Services offers janitorial services on both a contract basis and an hourly basis. On January 1, Beale collected $30,000 in advance on a sly month contract for work to be performed evenly during the next six months. Using the Transaction Analysis Template, determine the financial statement effect of each of the following: a. The receipt on January 1 of $30,000 for contract work b. The adjustment to be made on January 31, for the contract work done during January, c. At January 31, a total of 30 hours of hourly rate janitor work was unbilled. The billing rate is $25 per hour. Provide the accrual needed on January 31. (Note: The firm uses the account fees Receivable to reflect amounts due but not yet billed.) Note: Use negative signs with answers, when appropriate Balance Sheet Income Statement Stockholders Assets - Liatimities Equity Revenues Expenses - Net Income a. Jan. 1 receipt for contract work 0 b. Jan. 31 adjustment for contract work 0 c.jan 31 adjustment for unbilledjanitor work Transaction 0 0 0 0 0 0 0 0