View Policies Current Attempt in Progress On December 31, 2025, Pronghorn Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $159,000, total liabilities $74,200, and stockholders' equity $84,800. The incorrect income statement showed net income of $74,200. The data for the three adjusting entries were: 1. 2. 3. Salaries and wages amounting to $10,600 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Item Rent payments of $8,480 was received for two months in advance on December 1. The entire amount was credited to Unearned Rent Revenue when paid. Depreciation expense for 2025 is $9,540. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Incorrect balances Effects of: Salaries and Wages Net Income $74,200 Total Assets $159,000 Total Liabilities $74,200 Stockh UL

Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). (Enter ne amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Current Attempt in Progress On December 31, 2025, Pronghorn Company prepared an income statement and balance sheet, but failed to take into account three adjusting entries. The balance sheet showed total assets $159,000, total liabilities $74,200, and stockholders' equity $84,800. The incorrect income statement showed net income of $74,200. The data for the three adjusting entries were: 1. Salaries and wages amounting to $10,600 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. 2. Rent payments of $8,480 was received for two months in advance on December 1 . The entire amount was credited to Unearned Rent Revenue when paid. 3. Depreciation expense for 2025 is $9,540. Complete the following table to correct the financial statement amounts shown (indicate deductions with parentheses). (Enter negutive amounts using either a negative sign preceding the number eg. -45 or parentheses es. (45).) the following table to correct the financial statement amounts shown (indicate deductions with parentheses). (Enter negative ing either a negative sign preceding the number eg. -45 or parentheses eg. (45).)