Case One. A few days before the end of $20$X$1,$ a TZS$1,000$ expenditure for the repair of equipment was incorrectly charged to the equipment account in the statement of financial position rather than to operating expenses in the income statement. As a result $($ignoring depreciation$),$ total assets should be stated at TZS$1,589,000$ instead of TZS$1,590,000$ and income before taxes should be stated at TZS$107,000$ instead of TZS$108,000.$ Are the financial statements still fairly presented and not materially misleading?

Case Two. A few days before the end of $20$X$1,$ TZS$50,000$ expenditure for the repair of equipment was incorrectly charged to the equipment account rather than to operating expenses. As a result $($ignoring depreciation$),$ total assets should be stated at TZS$1,490,000$ rather than TZS$1,540,000$ and income before taxes should be stated at TZS$58,000$ rather than TZS$108,000?$ Are the financial statements fairly presented and not materially misleading?