Assume that double entry is in etfect and accrual basis of reporting. Independent Errors a. $32,000 of dividends declared was properiy recorded in 2020. in 2021, the payment of dividends was debited to salary expense. b. A payment of $6,000 for the first three months rent in 2021 was recorded as rent expense account on Dec 31,2020. c. No entry was made to accrue half of the $5,400 revenue eamed in 2020 . The whole amount of revenue was credited on Jan. 5 , 2021, when cash was recelvad. Required: Analyze each efror and indicate its effect on 2020 and 2021 net earnings, assets, and liabilities if not corrected. Do not assume any other errors, Use these codes to indicate the effect of eoch dollar amount O= = overstated, U= understated, and N= no effect. (Enter all amounts in positive values. If no effect please enter 0n.)