During the seminars we discussed a situation when Bristol-Myers Squibb, a pharmaceutical company announced that it had to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers warehouses from 1999 through 2001. What adjustments are required to correct balance sheet for December 31, 2001, if marginal tax rate is 35%? How will it affect companys profitability? State any assumptions that you make.