Required information E4-16 through E4-18 (Algo) Recording Four Adjusting Journal Entries, Preparing an Adjusted Trial Balance, Reporting an Income Statement, Statement of Retained Earnings, Baiance Sheet, Recording Closing Entries [L.O 4-2, LO 4-3, LO 4-4, LO 4-5] [The following information applies to the questions displayed below] Mint Cleaning incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31 . (Assume amounts are reported in thousands of dollars.) Other data not yet recorded at December 31 a Insurance expired during the year, $4 b. Depreciation expense for the year, $3. c Salanes and wages payable, $6 d income tax expense, 58. E4-16 (Algo) Port 3 Required: 3. By what amount would net income have been understated or overstated had the adjusting journal entries not been fecorded? (Enter your answers in thousands, not in dollars (i.e., 10,000 should be entered as 10))