on the last day of 2020, midwest importers received a $93,000 prepayment from a tenant for 2021 rent of a building. midwest recorded the receipt as rent revenue. the error was discovered midway through 2021. at the end of 2020, dinkins-lowery corporation failed to accrue interest of $8,300 on a note receivable. at the beginning of 2021, when the company received the cash, it was recorded as interest revenue. required: for each error: 1. what would be the effect of each error on the income statement and the balance sheet in the 2020 financial statements?