Effects of Errors on Financial Statements For a recent year, the balance sheet for The Campbell Soup Company (CPB) includes accrued liabilities of $598 million. The income before taxes for the year was $2,153 million. a. Assume the accruals apply to the current year and were not recorded at the end of the year.

a. Assume the accruals apply to the current year and were not recorded at the end of the year. By how much would income before taxes have been misstated? Enter your answer in millions. $fill in the blank 1 million

b. What is the percentage of the misstatement in (a) to the reported income of $2,153 million? Round your percentage answer to one decimal place. fill in the blank