Expenses: advertising expense $ 10,600 assets: cash $ 22,600 insurance expense 16,600 accounts receivable 20,600 salaries expense 45,600 supplies 11,600 rent expense 6,600 land 46,500 liabilities: salaries payable 8,600 revenues: service revenue 90,600 notes payable 22,400 interest revenue 5,600 dividends: dividends 5,600 equity: common stock 40,600 retained earnings 18,500 required: 1. what is the net income/(loss)? $18,500 $16,800 $18,100 $23,900 assume the company has an increase in its salaries expense of 20% and a decrease in service revenue of 15%. both of which will be settled after the year end. adjust and recalculate the balances in the income statement and balance sheet. all sales are on account. 2. what is the revised balance of the service revenue account? $13,090 $77,010 $21,090 $39,090 3. what is the revised net income/(loss)? $9,010 $(5,910) $15,010 $2,010 4. what is the revised balance in the retained earnings account? $2,100 $7,100 $6,990