Using the adjustment data listed in P3-6 for Ms. Ellen's Laundry, indicate the effects of each adjustment on the liquidity metric Quick Assets and profitability metric Net Income - Accrual Basis.

Adjustment data P3-6

Adjustment data for Ms. Ellen's Laundry Inc. for the year ended December 31, 20Y8, are as follows:

a. Wages accrued but not paid at December 31, $2,150

b. Depreciation of equipment during the year, $12,500

c. Laundry supplies on hand at December 31, $1,500

d. Insurance premiums expired, $4,600