The Jamesway Corporation had the following situations on December 2021. 1. On December 10, 2021. Jamesway received a $4,900 payment from a customer for services begun on that date and which were completed by December 31, 2021. Deferred service revenue was credited. 2. On December 1, 2021, the company paid a local radio station $3,800 for 40 radio ads that were to be aired, 20 per month, throughout December and January, Prepaid advertising was debited. 3. Employee salaries for the month of December totaling $25,000 will be paid on January 7, 2022. 4. On August 31, 2021, Jamesway borrowed $55,000 from a local bank. A note was signed with principal and 9% interest to be paid on August 31, 2022 If none of the adjusting Journal entries were recorded, would assets, Mabilities, and shareholders' equity on the 12/312021 balance sheet be higher or lower and by how much? Assets Liabilities Shareholders equity by by by