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. I 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