For a recent year, the balance sheet for The Alphabet Soup Company includes accrued expenses of $746,790. The income before taxes for The Alphabet Soup Company for the year was $730,000. a. Assume the adjusting entry for $746,790 of accrued expenses was not recorded at the end of the year. By how much would income before taxes have been misstated? $ b. What is the percentage of the misstatement in (a) to the reported income of $730,000? Round to one decimal place. %