On December 31, 2022, Cullumber Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $195,000, total liabilities $91,000, and stockholders' equity $104,000. The incorrect income statement showed net income of $91,000. The data for the three adjusting entries were: 1. 2. 3. Salaries and wages amounting to $13,000 for the last 2 days in December were not paid and not recorded. The next payroll will be in January Rent payments of $10,400 were received for 2 months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when received. Depreciation expense for 2022 is $11,700. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). Item Incorrect balances Effects of: Salaries and Wages Rent Revenue Depreciation Correct balances $ eTextbook and Media Net Income $91,000 $ Total Assets $195,000 $ Total Liabilities $91,000 Stoc

On December 31, 2022. Cullumber Company prepared an income statement and balance sheet, but failed to take into account three. adfusting entries, The batance sheet showed total assets $195,000, total liakilities $91,000, and stockhoiders" equity $104,000, The incorrect income statement showed net income of $91.000 The data for the three adjusting entries were: 1. Salaries and wages amounting to 513,000 for the last 2 divs in December were not paid and not recorded. The next payroll will be in lanuary 2. Rem payments of $10,400 were received for 2 months in advance on December 1 The entire amount was credited to Unearned Rent Revenue when received. 1. Demeciation enoense for 2022i$11.700 Complete the followine table to correct the financial statement amounts shewn (indicate deduction with parentheses)