Trinity Company discovered the following errors in 2020 Required Indicate how each item would impact net income in 2019 (overstatement understatement, or no effects. b. Indicate how each item would impact net income in 2020 (overstatement, understatement or no effect 1. Interest expense of $3,000 was not accrued at the end of 2019. Amount was paid and expensed in 2020 instead. 2013 Net Income impact 2020 Net Income out 2. Supplies account at the end of 2019 was not adjusted for supplies used. The supplies account was reduced in 2020 2013 Net Income Ingact 2020 Net Income Impact 3. An error in the input of salvace values and useful les into the depreciation system resulted in an overstatement of depreciation expense by 55.000 in 2019. Depreciation experse was calculated correcty in 2020 2013 Net Income in 2000 Net Income Impact 4 An accrual for vacacion (85.000 carved in 2019 to be taken in 2029was not included in the Financial statements in 2019 2013 Net Income impact 2020 Net Income Impact 5 The January 2020 insurance premium of $200 paid in December of 2019 was expensed in 2019 2018 Net Income Impact 2020 Net Income Impact