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On December 31, 2025, Cheyenne Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance

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On December 31, 2025, Cheyenne Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $177,000, total liabilities $82,600, and stockholders' equity $94,400. The incorrect income statement showed net income of $82,600. The data for the three adjusting entries were: 1. 2. Salaries and wages amounting to $11,800 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $9,440 was received for two months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid. 3. Depreciation expense for 2025 is $10,620. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Item Incorrect balances Effects of: Salaries and Wages Rent Revenue Depreciation Correct balances $ Net Income Total Assets Total Liabilities Stockhole $82.600 $177,000 $82,600 $

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