2. Use the following information for questions a-d On December 31, 2016, CemCan Consulting prepared an income statement and balance sheet but failed to take into account four adjusting entries. The income statement, prepared on this incorrect balance, reflected pretax income of $28,000. The balance sheet (before the effect of income taxes) reflected total assets, $96,000; total liabilities, $45,000; and shareholders' equity, $51,000. The data for the three adjusting entries follow a. Amortization for the year on equipment that cost $54,000 was not recorded. The equipment's useful life is 10 years and its residual value is $5,000. b. Wages amounting to $4,000 for the last three days of December 2006 were not paid and not recorded (the next pay date is January 10, 2017). C. An amount of $5,100 was collected on December 1, 2016, for rental of office space for the period December 1, 2016 to February 28, 2017. The $5,100 was credited in full to Unearned Rent Revenue when collected Complete the following table to correct the financial statements for the effects of the three errors. If an amount decreases, it is shown as a negative number. Use your computation of the Adjusted Balances to answer the next three questions. Only your answers to the three questions will be scored, i.e., the completion of the table will not be checked. Items Total Assets Pretax Net Income Total Liabilities Shareholders' Equity 28,000 96,000 45,000 51,000 Balances Reported Effect of amortization Effect of wages Effect of rent revenue Adjusted Balances d. The adjusted balance of CemCan Net Income is e. The adjusted balance of Total Assets is f. The adjusted balance of Total Liabilities is g. The adjusted balance of Total Equities is