Determine the amounts to be reported for each of the five accounts shown above from the 2022 and 2023 financial statements when those amounts are reported again in the 2022-2024 comparative financial statements. Note: Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions. Round "Inventory" and "Patent amortization" to 1 decimal place. Whaley Distributors is a wholesale distributor of electronic components. Financial statements for the years ended December 31,2022 and 2023 , reported the following amounts and subtotals ( $ in millions): In 2024 , the following situations occurred or came to light: a. Internal auditors discovered that ending inventories reported on the financial statements the two previous years were misstated due to faulty internal controls. The errors were in the following amounts: 2022 inventory Overstated by $11.8 million 2023 inventory Understated by $9.8 million b. A liability was accrued in 2022 for a probable payment of $6.6 million in connection with a lawsuit ultimately settled in December 2024 for $3.8 million. c. A patent costing $16.8 million at the beginning of 2022 , expected to benefit operations for a total of six years, has not been amortized since acquired. d. Whaley's conveyer equipment was depreciated by the sum-of-the-years'-digits (SYD) basis since it was acquired at the beginning of 2022 at a cost of $27.0 million. It has an expected useful life of five years and no expected residual value. At the beginning of 2024 , Whaley decided to switch to straight-line depreciation. Required: For each situation: 1. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2024 related to the situation described. (Ignore tax effects.) 2. Determine the amounts to be reported for each of the five accounts shown above from the 2022 and 2023 financial statements when those amounts are reported again in the 20222024 comparative financial statements