Effects of Errors on Financial Statements

For a recent period, the balance sheet for Save-A-Lot Corporation reported accrued expenses of $268,093. For the same period, Save-A-Lot reported income before income taxes of $87,130. Assume that the adjusting entry for the accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes?

$ _____________

• b. is it Income before taxes or Loss before taxes