Three programmers at Feenix Computer Storage, Ic., write an operating systems control manual for Hill-McGraw Publishing, Inc., for which Feenix receives royalties equal to 12% of net sales. Royalties are payable annually on February 1 for sales the previous year. The editor indicated to Feenix on December 31, 2021, that book sales subject to royalties for the year just ended are expected to be $360,000. Accordingly, Feenix accrued royalty revenue of $43,200 at December 31 and received royalties of $43,760 on February 1, 2022. What adjustments, if any, should be made to retained earnings or to the 2021 financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Event General Journal Debit Credit 1 1 Cash 43,760 X Rent revenue 42.200 X Deferred rent revenue 1,560 X