CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 3 0.00 points out of 3.00 Incorrect P Flag question Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2015. Evan incurred costs of $60,000 associated with the consulting and billed Kensington $90,000. Evan paid $40,000 of its costs in 2015 and the remaining 20,000 in 2016. Evan received $45,000 of its billing in 2015. Kensington paid the remaining $45,000 in 2016. Evan reports on the accrual basis of accoutiting. How much is Evan's 2015 and 2016 profit related to the Kensington consulting? 2015 $ 5,000 2016 $ 25,000 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Correct 6.00 points out of 6.00 Adjusting Entry for Depreciation P Flag question Cowley Company just completed its first year of operations. The December 31 equipment account has a balance of ulated Depreciation-Eauinment account or inthe Depreciation Expense 27