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Cornical normally adjusts its books monthly. (1) to (5) below are entries made/information noted in December 2023. They are independent from each other. Other than those recorded as stated, no other adjusting entries were made in 203. BHMH2101 2022/23 \$2 Assignment 1 (1) On I December 20x3, Comical bought a machine at 57,600 by cash with useful life of 4 years. Comical recorded: Dr Machine $7,600 and CrCash57,600. (2) Cornical agreed to provide two months" services to Musko Co. from 1 December 203 to 31 January 20x4 for a total fee of $3,000. Musko paid the $3,000 on 1 December 20x3, Comical recorded: Dr Cash $3,000 and Cr Uneamed Fees $3,000. (3) On 1 December 203, 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. Comical 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) Comical prepaid a 6 months' insurance of $2,400 effective from I Decernber 20x3. Comical recorded: Dr Prepaid Insurance $2,400 and CrCash$2,400. Required: Assume no other adjusting entries were made. Indicate the effects on Comical'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 acerued and unrecorded $500 fees eamed in December 2023. No entries were made by Cornical. The effects on the book are: Table for Answer - The End - Page 4