Bishop Co. began operations on January 1, 2014. Financial statements for 2014 and 2015 con- tained the following errors: Dec. 31, 2014 Dec. 31, 2015 Ending inventory $132,000 too high $146,000 too low Depreciation expense 84,000 too high - Insurance expense 60,000 too low 60,000 too high Prepaid insurance 60,000 too high -