A new accounting CICI, Jon was life CIdA TOUCH pany on I January and he made the following errors: (1) Relax Hotel Company sold 580 gift vouchers with value of $500 each to the customers for cash and recorded as revenue earned in January 2020. 300 gift vouchers were redeemed in January 2020 for spa treatments and dining. (2) On 31 January 2020, the owner of Relax Hotel Company, lent $100,000 to the Company. John did not record this transaction thinking it is the owner's money. (3) John did not provide depreciation for the hotel equipment in January 2020 as Relax Hotel Company has suffered losses for the period because of COVID-19. (4) On 31 January 2020, Relax Hotel Company has purchased a van for $211,500 on account. As John believed that the van could only be sold for $200,000, the van is reported on the statement of financial position at the value of $200,000 and a loss of $11,500 is shown in the income statement. Required:(b) indicate the effect [with dollar amount] of the above error on each of the nancial statement elements at the end of Januag 2020 described in the column headings in the table below. Use the following symbols: 0 = overstated, U = understated and NE = no effect. _ Liabilities mm:- I!_ U Slim uswoo