Analyzing impact of Inventory Errors on Reporting The records of Largo Company revesil the following. The following errors were found, and they have not yet been cotrected. 1. Revenues of 53,000 colliected in atwance ate includet in Sales Revenue. 2. Accrued operating expenses of $4,200 are not recorded: 3. Goods costing $6,000 are incorrectly included in ending inventory. (They are being held on consignment) No purchase was recorded. 4. Goods costing $3,000 are correcthy included in ending inventory; however, no purchase wos recorded fassume a credit purchisel. a. Prepare a revised income statement on a correct basis. Note: Da not ise negative isigns woth your answers. b. Determine the amount of overitatement of understatement in the following balance sheet accounts: (1) imentory (2) Accounts Payable, Di Defer ed flevenue, (4) Acerved Expenses, and (5) Retained Farning= Note: If a cocrection is not requlred, select "NiA" and leave the amount artiwer blank (tera)