Next Page Previous Page Question 2 On December 31, 2020, BB Inc made its income statement and statement of financial position, but did not make any adjusting journal entries. Prior to making any adjusting journal entries, the income statement reported net income of $50,000 and the statement of financial position reported total assets of $200,000, total liabilities of $60,000 and total shareholders' equity of $260,000 Information about the adjusting entries follows. Fill in the "Blanks" belowAny deductions should be shown in parentheses (i e., brackets). (npte, provide your answer with no dollar signs, commas, periods or spaces. If there is no impact, write no effect) 1. Deprecation of $5000 was not recorded 2. The next payroll is in January. Salaries for December 30th and December 31" totalled $8000 and will be included on the January Payroll. 3. On November 1", S4000 was collected for services to be performed in November and December The entire amount was recorded to unearned revenue when received. No entries have been made since November 11 Net Income Total Assets Total Liabilities Total Shareholders' Equity Incorrect Balances 50000 Adjustments Deprecation Blank : 1 Salaries Blanks Service Revenue Blank 9 170000 70000 100000 Blank #2 Blank 6 Blank #10 Question 12 (1 point) Blank #3 Blank #7 Blank #11 Blank #4 Blank #8 Blank =12