You own a kennel that provides training and boarding services. Cash basis net income was $46,925. analysis of various assets and liabilities indicated the following changes in account balances: Required: a. Using the forms provided on the following pages, for each of the above changes: 1. Prepare the journal entry that would account for the change. 2. Based on the journal entry, indicate the effect on cash basis net income and the effect on accrual basis net income. 3. Indicate whether the amount would be added to or subtracted from cash basis net income to determine accrual basis net income b. Based on your analysis in part a, calculate accrual basis net income. Use parentheses to clearly indicate if amounts are subtracted. Cash basis net income 1. Unearned boarding revenue 2. Interest receivable 3. Prepaid insurance 4. Wages payable 5. Accounts receivable 6. Prepaid rent 7. Interest payable 8. Unearned training revenue 9. Depreciation Accrual basis net income