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