Exercise 22-20 The before income for Carla Co. for 2017 was $107,000 and $83,900 for 2018. However, the accountantnoted that the following errors had been made: 1. Sales for 2017 induded amounts of $35,400 which had been received in cash during 2017, but for which the related products were delivered in 2018, Title did not pass to the purchase until 2018, 2. The inventory on December 31, 2017, was understated by $9300. 3. The bookkeeper in recording intarest expense for both 2D17 and 2018 on bond payable made the following entry on an annual basis. nterest Expense Cash 000 The bonds have a face value of $250, 000 and pay a stated interest rate of 6%. The were issued at a discount of $17,000 on January 1, 2017, to yield an effective-interest rate of 7%. (Assume that the ield method should be used. 4. ordinary repairs to equipment had been erroneously charged to the Equipment account during 2017 and 2016. Repairs in the amount of $8,600 in 2017 and $9,7 in 2018 were so charged. The company applies a rate of 10% to the balance in the 00 Equipment account at the end of the year in its determination of depreciation charges. Prepare a schedule showing the detemination of corrected income before taxes for 2017 and 2018. (Enter negative amounts using either a negative sign preceding the number e g. -15,000 or parentheses eng. (15,000). Round answers to o decimal places, erg, 125.)