\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{18}{|c|}{\begin{tabular}{l} Southmade Products Inc. \\ Summary of Uncorrected Misstatements \\ December 31,207 \\ Debit (Credit) \end{tabular}} \\ \hline \multicolumn{2}{|c|}{ Misstatements } & \multicolumn{4}{|c|}{ Assets } & \multicolumn{4}{|c|}{ Liabilities } & \multicolumn{8}{|c|}{ Income Statement } \\ \hline \multirow[b]{2}{*}{ Prepaid insurance } & \multirow{2}{*}{\begin{tabular}{l} Type \\ Factual \end{tabular}} & \multicolumn{2}{|r|}{ Current } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Noncurrent }} & \multicolumn{2}{|c|}{ Current } & \multicolumn{2}{|c|}{ Noncurrent } & \multicolumn{2}{|r|}{ Revenue } & \multicolumn{2}{|c|}{\begin{tabular}{c} Cost of \\ Goods Sold \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} Selling. \\ Gen., Admin. \end{tabular}} & \multicolumn{2}{|c|}{ Income } \\ \hline & & 5 & (50,000) & & & & & & & & & & & s & 50.000 & 5 & 50.000 \\ \hline Warranty liabiaty & Judgmental & & & & & s & (10,000) & s & (20,000) & & & s & 30,000 & & & 3 & 30,000 \\ \hline Accounts receivabte & Projected & 5 & (130.000) & & & & & & & $ & 130.000 & & & & & $ & 130,000 \\ \hline Total uncorrected & & s & (180,000) & & & s & (10.000) & s & (20,000) & s & 130,000 & s & 30,000 & s & 50.000 & s & 210,000 \\ \hline Tax effect ot 40% & & & & & & s & 84,000 & & & & & & & & & 5 & (184,000) \\ \hline After-tax effect & & s & (180,000) & s & - & s & 74,000 & s & (20,000) & s & 130,000 & s & 30,000 & s & 50,000 & 5 & 126.000 \\ \hline \multicolumn{18}{|l|}{\begin{tabular}{l} Etfect of prior year's \\ uncorrected \\ mistatements \end{tabular}} \\ \hline \begin{tabular}{l} After-tax and prior \\ year's effects \end{tabular} & & $ & (180,000) & s & - & s & 74,000 & s & (20.000) & 3 & 130.000 & s & 30.000 & s & 50.000 & s & 126,000 \\ \hline \begin{tabular}{l} Totals per financial \\ statements \end{tabular} & & & 42.000,000 & & & & 2,000,000 & & 8,000,000 & & 3.000 .000 & $41 & .500,000 & & 0000,000 & & 5.206,000 \\ \hline \begin{tabular}{l} Percent of uncorrecte \\ to financial statement \end{tabular} & & & -0.436 & & & & 0.348 & & 0.25% & & 0.21% & & 0.07x & & 0.33x & & 2.03% \\ \hline \end{tabular}