Not sure why rent revenue is wrong. If you could provide the correct rent revenue that would be great! Thanks in advance.

Exercise 4-16 Your answer is partially correct. Try again On December 31, 2017, Crane Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries The balance sheet showed total assets $111,000, total liabilities $51,800, and stockholders' equity $59,200. The incorrect income statement showed net income of $51,800 The data for the three adjusting entries were 1. Salaries and wages amounting to $7,400 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. 2. 3. Depreciation expense for 2017 is $6,660 Rent payments of $5,920 was received for 2 months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses) Item Incorrect balances Effects of Net Income Total Assets Totl Liabilities $51,800 Stockholders' Equity $59,200 $51,800 $111,000 Salaries and Wages 7400 +7400 -7400 Rent Revenue +5920 +5920 5920 Depreciation -6660 6660 -6660 Correct balances 43660 104340 65120 39220