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Required Information [The following information applies to the questions displayed below.] North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Account Titles Debit Credit Cash $11, 908 Accounts Receivable 5,909 Prepaid Rent 2,380 Equipment 29,990 Accumulated Depreciation $ 1, 118 Accounts Payable 1, 118 Income Tax Payable Common Stock 24, 790 Retained Earnings 2,9ge Sales Revenue 49, 468 Salaries and Wages Expense 24,908 Utilities Expense 12,498 Rent Expense Depreciation Expense Income Tax Expense Totals $78,380 $78, 380 Other data not yet recorded at December 31: a. Rent expired during the year, $1,190. b. Depreciation expense for the year, $1.110. c. Utilities used and unpaid, $8,900. d. Income tax expense, $380. 4. Compute the amount of net income using (a) the preliminary (unadjusted) numbers and (b) the final (adjusted) numbers. Had the adjusting entries not been recorded, would net income have been overstated or understated, and by what amount? Complete this question by entering your answers in the tabs below. Req 4A Req 48 Compute the amount of net income using (3) the preliminary (unadjusted) numbers, and (b) the final (adjusted) numbers. (1) Preliminary Net Income (11) Adjusted Net Income Req 4A Req 4B >Complete this question by entering your answers in the tabs below. Reg 4A Reg 48 Had the adjusting entries not been recorded, would net income have been overstated or understated, and by what amount? Net income by