Suppose that Laramie Company's adjusted trial balance ignored the following information. For each item, indicate what effects, if any, these omissions would have on the stated components of Laramie Company's 2021 Income Statement and 12/31/2021 Balance Sheet. Assume no income taxes. 12/31/2021 Liabilities 12/31/2021 Owners' Equity 2021 Net Income Additional Information $2,000 interest on a loan was not yet paid or recorded 12/31/2021 Assets Understated No Effect Overstated Understated