Effects of Errors on Financial Statements For a recent period, the balance sheet for Save-A-Lot Corporation reported accrued expenses of $578,353. For the same period, Save-A-Lot reported income before income taxes of $187,965. Assume that the adjusting entry for $578,353 of accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes?