The following is the selected balances in the financial statements of Sherry Company. During audit, the auditor detected that the following transaction was not recorded: Sold $35,000 merchandise in cash. Sales taxes was 6% which was not included in the price. Merchandise sold had cost company $20,000 to purchase. What would be the balance for the above items after recording the above transaction? Example of Answer: Revenues =2000 Expenses =1800 Net Income =200 so on (No decimal point, space, comma, or \$ sign) Show negative amount with a minus. Example: Net Income =3000