On December 31, 2027, Crane Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $123,000, total liabilities $57,400, and stockholders' equity $65,600. The incorrect income statement showed net income of $57,400. The data for the three adjusting entries were: 1. 2. 3. Salaries and wages amounting to $8,200 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $6,560 were received for 2 months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when received. Depreciation expense for 2027 is $7,380.

2. Rent payments of $6,560 were received for 2 months in advance on December 1 . The entire amount was credited to Unearned Rent Revenue when received. 3. Depreciation expense for 2027 is $7,380. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). On December 31,2027, Crane Compary prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $123,000, total liabilities $57,400, and stockholders' equity $65,600. The incorrect income statement showed net income of $57,400. The data for the three adjusting entries were: 1. Salarics and wages amounting to $8,200 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. 2. Rent payments of $6,560 were received for 2 months in advance on December 1 . The entire amount was credited to Uncarned Rent Revenue when received: 3. Depreciationexpense for 2027 is $7,380