Calculate the blank with explaining

The Jamesway Corporation had the following situations on December 2018. 1. On December 20, 2018, Jamesway received a $4,800 payment from a customer for services to be rendered early in 2019. Service revenue was credited. 2. On December 1, 2018, the company paid a local radio station $3,600 for 40 radio ads that were to be aired, 20 per month, throughout December and January. Prepaid advertising was debited 3. Employee salaries for the month of December totaling $24,000 will be paid on January 7, 2019 4, On August 31, 2018, Jamesway borrowed $50,000 from a local bank. A note was signed with principal and 9% interest to be paid on August 31, 2019 If none of the adjusting journal entries were recorded, would assets, liabilities, and shareholders' equity on the 12/31/18 balance sheet be higher or lower and by how much? Assets by Liabilities by Shareholders' equity