Question 5 of 7 View Policies Current Attempt in Progress -/3 E On December 31, 2022, Sandhill Co. prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $138,000, total liabilities $64,400, and stockholders' equity $73,600. The incorrect income statement showed net income of $64,400. The data for the three adjusting entries were: 1. 2. 3. Salaries and wages amounting to $9.200 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $7,360 was received for 2 months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid. Depreciation expense for 2022 is $8,280. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). Item Net Income Total Assets Total Liabilities Stockhol Incorrect balances $64,400 $138,000 $64,400 Effects of: Salaries and Wages Rent Revenue