help with the following question:

Example: A firm neglected to record a payment to a supplier of $10,000 for previously recorded accounts payable. If this mistake was corrected, the effects on the following accounts would be: Current Assets (-) 10,000 Long-term assets NE Current Liabilities (-) 10,000 Long-term liabilities NE Common Stock NE Retained Earnings NE Net Income NEc) The Company neglected to record sales commissions earned by sales staff during the fourth quarter of the current year (i.e., October-December). The company's sales commission agreements call for a commission of 3% of the gross prot on each sale to be paid to sales staff on the rst day of the quarter following the quarter in which the sale occurs. Sales totaled $640,000 and cost of sales totaled $336,000 for the fourth quarter. Sales revenues and cost of sales were properly recorded. If the company had properly reected this activity during 2006, what would be the correct amounts for the following items? Selling, general and administrative expenses? Total shareholders' equity? Current liabilities? Retained Earnings