PLEASE ANSWER CORRECTLY.

m. 16.66 points Consider the following situations for Shocker: 1. On November 28, 2021. Shocker receives a $3.450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. 2. On December 1, 2021, the company pays a local radio station $2.490 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $7.300 will be paid on January 7, 2022 4. On August 31, 2021. Shocker borrows $63,000 from a local bank. A note is signed with principal and 8% interest to be paid on August 31 2022 eBook Han References Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2021. balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories opply for a particular item, leave the cell blank.) Assets Liabilities Stockholders' Equity 1 2 3 4 Higher Total Lower Consider the following situations for Shocker: 1. On November 28, 2021, Shocker receives a $3,450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited, 2. On December 1, 2021 , the company pays a local radio station $2,490 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $7,300 will be paid on January 7, 2022. 4. On August 31, 2021. Shocker borrows $63,000 from a local bank. A note is signed with principal and 8% interest to be paid on August 31, 2022 Book Print eferences Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2021, balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories apply for a particular item, leave the cell blank.) Assets Liabilities Stockholders' Equity 1 2 3 4 Higher Lower Total 3 Consider the following situations for Shocker: 16.66 points 1. On November 28, 2021. Shocker receives a $3.450 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. 2. On December 1, 2021, the company pays a local radio station $2.490 for 30 radio ads that were to be aired, 10 per month throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $7,300 will be paid on January 7, 2022 4. On August 31, 2021. Shocker borrows $63,000 from a local bank. A note is signed with principal and 8% interest to be paid on August 31, 2022 Ook Print References Required: Indicate by how much the assets. liabilities, and stockholders equity in the December 31, 2021, balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories apply for a particular item, leave the cell blank.) Assets Liabilities Stockholders' Equity 1 3 2 3 4 Higher Tot Lower