(1) On 1 December 20x3, Cornical bought a machine at $7,600 by cash with useful life of 4 years. Cornical recorded: Dr Machine \$7,600 and Cr Cash \$7,600. (2) Cornical agreed to provide two months' services to Musko Co. from 1 December 20x3 to 31 January 204 for a total fee of $3,000. Musko paid the $3,000 on 1 December 203, Cornical recorded: Dr Cash $3,000 and Cr Unearned Fees $3,000. (3) On 1 December 20x3, Cornical recorded a $90,000 one-year note payable signed with ABC Bank with 10% interest rate per annum. The interest is paid by each month end. Cornical recorded: Dr Cash $90,000 and Cr Note Payable $90,000 (4) On 31 December 20x3, the Board of Directors declared and paid out a dividend of $5,000. No entries were made by Cornical. (5) Cornical prepaid a 6 months' insurance of $2,400 effective from 1 December 203. Cornical recorded: Dr Prepaid Insurance $2,400 and Cr Cash $2,400. Required: Assume no other adjusting entries were made. Indicate the effects on Cornical's book as at 31 December 20x3. Copy the Table for Answer below and fill in the answers. DO NOT copy the example. State O= overstated, U= understated and NE= no effect Example: There is an accrued and unrecorded $500 fees earned in December 2023. No entries were made by Cornical. The effects on the book are: Table for Answer (J i1a)