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2016 2017 Ending inventory 100,000 understated 300,000 overstated Depreciation 80,000 understated 250,000 overstated 1. If none of the errors were detected or corrected at December

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2016 2017 Ending inventory 100,000 understated 300,000 overstated Depreciation 80,000 understated 250,000 overstated 1. If none of the errors were detected or corrected at December 31, 2016. By how much will 2016 income before taxes be overstated or understated? 2. If none of the errors were detected and corrected at December 31, 2016. Ignore income taxes, by how much will retained earnings at December 31, 2017 be overstated or understated? 3. If none of the errors were detected and corrected on December 31, 2016 or December 31, 2017 and that no additional errors occurred in 2017. Ignoring income taxes, by how much will working capital at December 31, 2017 be overstated or understated

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