On December 31, 2011, Quinlan-Cohen Company prepared an income statement and balance sheet and failed to take into account four adjusting entries. The income statement, prepared on this incorrect basis, reflected pretax income of $60,000. The balance sheet (before the effect of income taxes) reflected total assets, $180,000; total liabilities, $80,000; and stockholders' equity, $100,000. The data for the four adjusting entries follow:
a. Depreciation of $16,000 for the year on equipment that cost $170,000 was not recorded.
b. Wages amounting to $34,000 for the last three days of December 2011 were not paid and not recorded (the next payroll will be on January 10, 2012).
c. Rent revenue of $9,600 was collected on December 1, 2011, for office space for the period December 1, 2011, to February 28, 2012. The $9,600 was credited in full to Unearned Rent Revenue when collected.
d. Income taxes were not recorded. The income tax rate for the company is 30 percent.

Required:
Complete the following tabulation to correct the financial statements for the effects of the four errors (indicate deductions withparentheses):

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Net Income $60,000 Total Assets Total Liabilities Stockholders Items 80,000 5100,000 Balances reported Additional adjustments: a. Depreciation b. Wages c. Rent revenue Adjusted balances d. Income taxes S180,000 Correct balances