Eifects of errors on financial statements the year ($24,160) and (0) accrued wapes ($7,220). Indicate the effect of each error, considered individualty, on the income statement for the current year ended July 31 . As so ind cate the tricct of each crior on. the July 31 balance sheet. Enter-all amounts as positive numbers. Enter " " in those saces when there is no overstatement or no understatement. Error (a) The adjusting entry for unearned revenue eamed during the year ($24,160) was omitted. Error (b) The adjusting entry for accrued wages (57,220) was omitted