On December 31, 2017, Blossom Company prepared an income statement and balance sheet, but failed to take into account three adjustments. The balance sheet showed total assets $147,000, total liabilities $68,600, and stockholders equity $78,400. The incorrect income statement showed net income of $68,600. The data for the three adjustments were:

1.		Salaries and wages amounting to $9,800 for the last 2 days in December were not paid and not recorded. The next payroll will be in January.
2.		Rent payments of $7,840 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 $8,820.

Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses).

Item		Net Income		Total Assets		Total Liabilities		Stockholders Equity
Incorrect balances		$68,600		$147,000		$68,600		$78,400
Effects of:
Salaries and Wages
Rent Revenue
Depreciation
Correct balances		$		$		$		$