The following entries were omitted from NC State Auto's accounting records. 1. Repair services of $6,000 has been not been recorded or collected. 2. Shop equipment has depreciated in the amount of $2,200. 3. Shop supplies totalling $5,200 have been purchased and received but not yet been paid to the supplier. 4. Services of $1,750 relating to Unearned revenue were provided during the period 5. Insurance premiums paid during the period includes $1,000 of coverage relating to the following period. Instructions State the effect (over/under and amount) of the omissions listed above on assets, liabilities, equity, and net income by completing the chart below. Assets Liabilities Equity Net Income 1. 2. 3. 4. 5