Explain it !

E4-15 On December 31, 2017, Waters Company prepared an income statement and bal- ance sheet, but failed to take into account three adjustments. The balance sheet showed total assets $150,000, total liabilities $70,000, and stockholders' equity $80,000. The incor rect income statement showed net income of $70,000. Determ The data for the three adjustments were 1. Salaries and wages amounting to $10,000 for the last 2 days in December were not paid and not recorded. The next payroll will be in January 2. Rent payments of $8,000 was received for two months in advance on December 1. The entire amount was recorded as Unearned Rent Revenue when received. 3. Depreciation expense for 2017 is $9,000 Instructions Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses)