html Fiddity Week 3 Homework Help Save 3 1 A bank loan had been obtained on December 1. Accrued interest on the loan at December 31 amounts to $1,100. No interest expense has yet been recorded 2 Depreciation of the firm's office building is based on an estimated life of 30 years. The building was purchased four years ago for $310,000 3. Accrued, but unbilled, revenue during December amounts to $57000 4. On March 1, the firm pald $1,500 to renew a 12-month insurance policy. The entire amount was recorded as Prepaid Insurance 5. The firrm received $15,000 from King Biscuit Company in advance of developing a six-month marketing campaign. The entire ponts amount was initially recorded as Unearned Revenue. At December 31. $3.600 had actually been earned by the firm ebook 6. The company's policy is to pay its employees every Friday. Since December 31 fell on a Wednesday, there was an accrued liability for salaries amounting to $2,000 Prine o. Record the necessary adjusting journal entries on December 31 b. By how much did Sweeney & Alen's net income increase or decrease as a result of the adjusting entries performed in part a? Ignore income taxes) Complete this question by entering your answers in the tabs below Required A Required 8 Rcnos nech a d Ses ntree at edeniel as a result of the kdjusting entries performed in part a