Recording Sales and Shipping Terms Stanley Company shipped the following merchandise during the last week of December 2019. All sales were on credit Sales Price $5,460 $3,800 $4,250 Shipping Terms F.O.B shipping point F.O.B destination F.O.B destination Date Goods Shipped December 27 December 29 December 29 Date Goods Received January 3 January 5 December 31 Required 1. Compute the total amount of sales revenue recognized by Stanley in December 2019 2. Conceptual Connection: If Stanley included all of the above shipments as revenue, what would be the effect on Stanley's assets, liabilities, stockholders' equity, revenues, expenses, and net income for 2019? Enter all amounts as positive numbers Sales revenue Net income Assets (accounts receivable) Stockholders' equity Overstated by Overstated by Overstatedby Overstated by