3. Below are three independent and unrelated errors. a. At the end of 2017, Dinkins-Lowery Corporation failed to accrue interest of $8,700 on a note receivable. At the beginning of 2018, when the company received the cash, it was recorded as interest revenue. . b. On the last day of 2017, Midwest Importers received a $97,000 prepayment from a tenant for 2018 rent of a building. Midwest recorded the receipt as rent revenue. Required (6 points): For each error: What would be the effect of each error on the income statement and the balance sheet in the 2017 financial statements? (4 points)