The Jamesway Corporation had the following situations on December 2021 1 On December 10, 2021, Jamesway received a $5,600 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 $5,200 for 40 radio ads that were to be alred, 20 per month, throughout December and January. Prepaid advertising was debited 3. Employee salaries for the month of December totaling $32,000 will be paid on January 7, 2022 4. On August 31, 2021. Jamesway borrowed $90,000 from a local bank. A note was signed with principal and 9% Interest to be paid on August 31, 2022 If none of the adjusung Journal entries were recorded, would assets, labilities, and shareholders' equity on the 12/31/2021 balance sheet be higher or lower and by how much? Assets Llabdities Shareholders equity by by by