Hello, please help me answer this question and provide an explanation. The first column in each section should contain a number, while the column next to it should have two choices: (Higher or Lower, as shown in the picture. Make sure to include both the number and either Higher or lower, please!) Thank you in advance and have a good rest of your day!

Consider the following situations for Shocker: 1. On November 28, 2024, Shocker received a $3,600 payment from a customer for services to be rendered evenly over the next three months, Deferred Revenue was credited on November 28. 2. On December 1, 2024, the company paid a local radio station $2.520 for 30 rachio ads that were to be aired. 10 per month throughout December January, and February, Prepaid Advertising was debited on December 1 3. Employee salaries for the month of December totaling $7.400 will be paid on January 7, 2025 4. On August 31, 2024. Shocker borrowed $64.000 from a local bank. A note was signed with principat and 9% interest to be paid on August 31, 2025 Required: Indicate by how much the assets, Habilities, and stockholders' equity in the December 31, 2024 balance sheet is higher or lower if the adjusting entry is not recorded. (If none of the categories apply for a particular item, leave the cell blank.) Assets Liabilities Stockholders' Equity 1 22 3 4 Total Higher Lower