Show how the following independent errors will affect net income on the Income Statement and the stockholders' equity section of the Balance Sheet using the symbol + (plus) for overstated, - (minus) for understated, and 0 (zero) for no effect. 2018 2019 Income Balance Income Balance Statement Sheet Statement Sheet 1. Ending inventory in 2018 overstated. 2. Failed to accrue 2018 wages. 3. The total cost of an equipment (Useful life, 5 years) was incorrectly expensed in 2018. 4. Understated 2018 depreciation expense 2019 depreciation expense correct