Problem 1: Transaction Analysis (Caterpillar Inc) At the end of 2021, Caterpillar realized that its 2021 nancial statements contained several errors. Consider each question independently and ignore taxes. 1. On December 20, 2021, a major distributor for Caterpillar ordered $50 worth of equipment. The distributor paid Caterpillar $ 10 on December 20, 2021, and agreed to pay the remaining $40 after delivery. Caterpillar expects to deliver the equipment during J anuagya 2022. The equipment cost Caterpillar $30 to manufacture. While the manufacture of the equipment was correctly recorded, no entry was made for the order or cash receipt on December 20th. If needed adjustments were made to correct the error, what would be the reported amounts (effect) for: a) Total assets as of December 31, 2021? b) Total liabilities as of December 31, 2021? c) Prot for the Year Ended December 31, 2021