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.

				2020				2021
				Income Statement		Balance Sheet		Income Statement		Balance Sheet
1.		Ending inventory in 2020 overstated.

2.		Failed to accrue 2020 interest revenue.

3.		A capital expenditure for factory equipment (useful life, 5 years) was erroneously charged to Maintenance Expense in 2020.

4.		Failed to count office supplies on hand at 12/31/20. Cash expenditures have been charged to Supplies Expense during the year 2020.

5.		Failed to accrue 2020 wages.

6.		Ending inventory in 2020 understated.

7.		Overstated 2020 depreciation expense; 2021 expense correct.