In recording the adjusting entries of the Hammond Sales Company, Inc., at the end of 1979 , the following adjustments were omitted:

(1) Depreciation on the delivery truck of \(\$ 1,500\).

(2) Insurance expired on the delivery truck of \(\$ 300\).

(3) Interest accrued on notes payable of \(\$ 75\).

(4) Interest accrued on notes receivable of \(\$ 165\).

Indicate the effect (exclusive of income tax implications) of these omissions on the following items in the financial statements prepared on December 31, 1979.

a Current assets.

b Noncurrent assets.

c Current liabilities.

d Selling expenses.

e Net income.

f Retained earnings.