2. Two weeks prior to the audit, the company paid $17,000 for assembly tools and recorded the expenditure as office supplies. The error was discovered a week later. 3. On December 31,2022 , merchandise inventory was understated by $78,000 due to a mistake in the physical inventory count. 4. Two years earlier, the company recorded a 4% stock dividend (2,000 common shares, $1 par) as follows: The shares had a market price at the time of \$12 per share. 5. At the end of 2022 , the company failed to accrue $104,000 of interest expense that accrued during the last four months of 2022 on bonds payable. The bonds, which were issued at face value, mature in 2027. The following entry was recorded on March 1 , 2023 , when the semiannual interest was paid, as well as on September 1 of each year: Problem 1 Step 1: Identify the J/E(s) made in error Step 2: Identify the J/E(s) that should have been made Step 3: Provide the correcting J/E(s) to fix the error Year-End Adjusting Entry (if no entry is required, write "No Adjusting J/ E Required")