Bettner, Inc., is a calendar year corporation whose financial statements for 2015 and 2016 included errors as follows:

Year	Ending Inventory			Depreciation Expense
2015	$	12,000	overstated	$	22,300	overstated
2016		8,000	understated		6,000	understated

Assume that inventory purchases were recorded correctly and that no correcting entries were made at December 31, 2015, or December 31, 2016. The errors were discovered in 2017, after the 2016 financial statements were issued.

Required:

Ignoring income taxes, prepare the journal entry Bettner would make in 2017 to correct the errors.