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: Paid $5,000 to bank on a loan of which $1000 was for interest and rest was for payoff of loan principal. 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, comma, space, or \$ sign) Show negative amount with a minus. Example: Net Income =3000 Revenues = 120000 Expenses =80000 Net Income =40000 Total Assets = Total Liabilities =30000 Total SE = Net Cash Flows from Operating Activities = Net Cash Flows from Investing Activities - Net Cash Flows Financing Activities