The following transactions were recorded in the accounting records of PJ Ltd. in error The company's year ends on December Assume that double entry is in effect and accrual basis of reporung Independent Errors a. A payment of $4,500 for the first three months rent in 2021 was recorded as rent expense account on Dec 31, 2020 o. No entry was made to accrue half of the $5.400 revenue earned in 2020. The whole amount of revenue was credited on Jan 5 2021, when cash was received. c $60,000 of dividends declared was properly recorded in 2020 in 2021, the payment of dividends was debited to salary expense Required: Analyze each error and indicate its effect on 2020 and 2021 net earnings, assets, and wabuities if not corrected. Do not assume any other errors. Use these codes to indicate the effect of each dollar amount: - overstated, U- understated, and no effect (Enter all amounts in positive values. If no effect, please enter "0") Liabilities Assets Shareholders' Louity 2070 5 4 500 3.4500 2021 2020 2021 2020 Net Earnings 2020 2021 $ 4.500 N Error IN N (a) O (b) (e)