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On December 31, 2017, Wildhorse Co. prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet

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On December 31, 2017, Wildhorse Co. prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $120,000, total liabilities $56,000, and stockholders' equity $64,000. The incorrect income statement showed net income of $56,000. The data for the three adjusting entries were: Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses)

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