Capwell Corporation uses a periodic inventory system. The company's ending inventory on December $31,2024,$ its fiscal$-$year end, based on a physical count, was determined to be $$336,000.$ Capwell's unadjusted trial balance also showed the following account balances: Purchases, $$720,000$; Accounts payable; $$260,000$; Accounts receivable, $$275,000$; Sales revenue, $$900,000.$

The internal audit department discovered the following items:

Goods valued at $$42,000$ held on consignment from Dix Company were included in the physical count but not recorded as a purchase.

Purchases from Xavier Corporation were incorrectly recorded at $$62,000$ instead of the correct amount of $$26,000.$ The correct amount was included in the ending inventory.

Goods that cost $$35,000$ were shipped from a vendor on December $28,2024,$ terms FOB destination. The merchandise arrived on January $3,2025.$ The purchase and related accounts payable were recorded in $2024.$

One inventory item was incorrectly included in ending inventory as $200$ units, instead of the correct amount of $1,500$ units. This item cost $$30$ per unit.

The $2023$ balance sheet reported inventory of $$452,000.$ The internal auditors discovered that a mathematical error caused this inventory to be understated by $$72,000.$ This amount is considered to be material. Comparative financial statements will be issued.

Goods shipped to a customer FOB destination on December $25,2024,$ were received by the customer on January $4,2025.$ The sales price was $$50,000,$ and the merchandise cost $$27,000.$ The sale and corresponding accounts receivable were recorded in $2024.$

Goods shipped from a vendor FOB shipping point on December $27,2024,$ were received on January $3,2025.$ The merchandise cost $$28,000.$ The purchase was not recorded until $2025.$

Required:

Determine the correct amounts for $2024$ purchases, accounts payable, sales revenue, and accounts receivable.

Calculate ending inventory and cost of goods sold for $2024.$

What was the effect of the error in ending inventory on $2023$ before$-$tax income?