On December 1, 2071 Carrera Corp signed a contract to rent a building for 12 months at a rate of $5,000 ofron per month. The contract began immediately - Per the contract, antire year's rest is due in cash at the end of the 12-month period. Carrera Corp will not pay cash for the rart until Now 30, 2022. The company did not make any journal entries related to rent in 2021 Using the dropdown menus state whether each component of the company's Dec. 31 financial statements are overstated (too high, understated (too low), or not affected. Balance Sheet Assets: Select Liabilities: Select Equity: Select) Income Statement: Net Income: [Select]