Analysis Component: If the above entries are not recorded on November 30, 2020, what is the effect on the income statement and the balance sheet? (Enter all value as positive values. Round intermediate and the final answers to 2 decimal places. Select "No effect" in case of no effect on Income statement and Balance sheet.) Effect Amount Description The income statement would be On the balance sheet, liabilities would be On the balance sheet, equity would be On the balance sheet, assets would be I NA VO arch Analysis Component: If the above entries are not recorded on November 30, 2020, what is the effect on the income statement and the balance sheet? (Enter all value as positive values. Round intermediate and the final answers to 2 decimal places. Select "No effect" in case of no effect on Income statement and Balance sheet.) Effect Amount Description The income statement would be On the balance sheet, liabilities would be On the balance sheet, equity would be On the balance sheet, assets would be I NA VO arch