3. For the month ended February 28, 2019, a company capitalized a $3,000 expenditure that

should have been expensed.Depreciation expense for the full month, using the straightline

method, was recorded for $120 in February with respect to this item.Reported operating income

for February was $11,700.

a.Calculate the amount of net income that should have been reported for February.

b.If this error is not corrected, what will be the impact on operating income for the tenmonth

period from March 1, 2019 through December 31, 2019?