Below are three Independent and unrelated errors. 1. On December 31, 2023, Wolfe-Bache Corporation falled to accrue salarles expense of $1,900. In January 2024 , when it paid employees for the December 27-January 2 workweek. Wolfe-Bache made the following entry: 2 On the last day of 2023, Midwest Importers recelved a $92,000 prepayment from a tenant for 2024 rent of a bullding. Midwest recorded the recelpt as rent revenue. The error was discovered midway through 2024. 3. At the end of 2023, Dinkins-Lowery Corporation falled to accrue interest of $8,200 on a note recelvable. At the beginning of 2024 , when the company recelved the cash, It was recorded as Interest revenue. Required: For each error: 1. What would be the effect of each error on the Income statement and the balance sheet In the 2023 financlal statements? 2. Prepare any journal entrles each company should record In 2024 to correct the errors. Complete this question by entering your answers in the tabs below. What would be the effect of each error on the income statement and the balance sheet in the 2023 financial statements