E4.11 (LO 2, 3) On December 31, 2021, Water Ltd. prepared a statement of income and statement of financial position, but failed to take into account three adjusting journal entries. Before correcting this omission, the statement of income reported net income of $90,000 and the statement of financial position reported total assets $170,000, total liabilities $70,000, and total shareholders' equity $100,000. Information about the three missing adjusting entries is as follows: 1. Salaries owed amounting to $10,000 for the last two days worked in December were not accrued. The next payroll will be in January. 2. Rent of $8,000 was received for two months in advance on December 1. The entire amount was credited to Deferred Revenue when received. 3. Depreciation of $9,000 was not recorded. Instructions Complete the following table to correct the financial statement amounts shown. (Indicate deductions with parentheses.) Incorrect balances Adjustments: 1. Salaries Net Income Total Assets Total Liabilities Total Shareholders' Equity $90,000 $170,000 $70,000 $100,000 2. Rent 3. Depreciation Correct balances - Analyze adjusted data.