Effects of Errors on Financial Statements For a recent period, the balance sheet for Save-A-Lot Corporation reported accrued expenses of $298,716. For the same period, Save-A-Lot reported income before income taxes of $97,083. Assume that the adjusting entry for $298,716 of accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes?