Suppose that Laramie Companys adjusted trial balance ignored the following information. Indicate what effects, if any, these omissions would have on the stated components of Laramie Company's 2018 Income Statement and 12/31/18 Balance Sheet. Assume no income taxes.

Additional Information 12/31/18 Assests 12/31/2018 Liabilities 12/31/2018 Owner's Equity 2018 Net Income

$2,200 Interest on a loan was not yet paid or recorded