3. The bookkeeper in recording interest expense for both 2025 and 2026 on bonds payable made the following entry on an annual basis. Interest Expense 11,500 Cas 11,500 The bonds have a face value of $230,000 and pay a stated interest rate of 5%. They were issued at a discount of $16,000 on January 1, 2025, to yield an effective-interest rate of 6%. (Assume that the effective-interest method should be used.) 4. Ordinary repairs to equipment had been erroneously charged to the Equipment account during 2025 and 2026. Repairs in th amount of $9,200 in 2025 and $10,200 in 2026 were so charged. The company applies a rate of 10% to the balance in the Equipment account at the end of the year in its determination of depreciation charges. Prepare a schedule showing the determination of corrected income before taxes for 2025 and 2026. (Enter negative amounts using either a negative sign preceding the number e.g. 15,000 or parentheses e.g. (15,000). Round answers to 0 decimal places, e.g. 125.)