At the end of the first month of operations, the Lamar Company's accountant prepared financial statements that showed the following amounts: In preparing the statement, the accounting overlooked the following items: determine the correct amounts of assets, liabilities and stockholders equity at month end and net income for the month.

Question 1 Not yet answered Marked out of 4.00 P Flag question Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Lamar Company's accountant prepared financial statemen Assets $90,000 Liabilities 30,000 Stockholders' Equity 60,000 Net Income 11,000 In preparing the statements, the accountant overlooked the following items: a. Depreciation for the month, $4,500 b. Service revenue earned but unbilled at month-end. $1,850 c. Employee wages earned but unpaid at month-end. 450 Determine the correct amounts of assets, liabilities and stockholders' equity at month-end and net income for Liabilities Stockholders' Equity Net Income Assets $ $ $