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 Assets 12/31/18 Liabilities 12/31/18 Owners Equity 2018 Net Income

$12,000 of the paid and recorded rent expense pertains to the year 2019