Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Bradley Company's accountant prepared financial statements that showed the following amounts: Assets Liabilities $210,000 70,000 Stockholders' equity 140,000 Net income 31,500 In preparing the statements, the accountant overlooked the following items: a. Depreciation for the month, $3,500 b. Service revenue earned but not recorded at month-end, $5,250. c. Employee wages earned but unpaid at month-end, $875. Determine the correct amounts of assets, liabilities, and stockholders' equity at month-end and net income for the month. Note: Use negative signs to indicate a decrease to arrive at the corrected amounts. Liabilities Stockholders' Equity Net Income Assets Reported amounts $210,000 $70,000 $140,000 $31,500 Depreciation 0 0 0 0 Unrecorded revenue 0 0 0 0 Accrued wages 0 0 0 0 Corrected amounts $ 0 $ 05 0 $ 0 Check Previous Save Answers