Practice: Knowledge Check Help Seve&Eit Sub 6 The completed worksheet for Cantu Corporation as of December 31, 2019 after the company had completed the first month af operation, appears below. onth Inded Tesal at 033 poines Adjusted Tria] riel salence Ld Advertising 42.9 Selena Cantu, Capital Selena Centu, Draving 7,75 7,83,8 57,75e es Incomti 13,75" 1sa,750 e,ose 6,050 112,6eo 11>,16.se 27,758 103,2 62.aso Required t. Prepare en income statement 2 Prepare a statement of owner's equity T 3. Prepare a balanice sheet he owner made no additional envestments during the month Analyze it the adjustment to Prepeid Advertising had been $3400 insteed of s1/00, what net income would hove resuted 6 Complete this question by entering your answers in the tabs below. Required 1 equird 2Required 3Analyze 0.33 points Prepare an income statement. CANTU CORPORATION Income Statement Month Ended December 31, 2019 eBook References Revenue Expenses Total expenses Required 2 > Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Analyze 0.33 poits Prepare a balance sheet. eBook Balance Sheet References Assets Total assets Liabilities and owners equity Owner's equity Total liabilities and owners equity Required 2 Analyze > Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Analyze 0.33 poits Prepare a balance sheet. eBook Balance Sheet References Assets Total assets Liabilities and owners equity Owner's equity Total liabilities and owners equity Required 2 Analyze > 1:480 1,480 utilities ExpensS Totals Net Income 1,400 118,758 118,758 6,ese i6,ese 119,6ee 119,60 16,350 57,758 183,250 61,850 6 41,400 57,750 57,758 183,250 183,258 Required 0.33 polnts 1. Prepare an income statement. 2 Prepare a statement of owner's equity. The owner made no additional mvestments during the month. 3. Prepare a balance sheet eBook Analyze: If the adjustment to Prepaid Advertising had been $3,400 instead of $1,700, what net income would have resulted? Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Analyze If the adjustment to Prepaid Advertising had been $3,400 instead of $1,700, what net income would have resulted? Required 3