he before-tax income for Concord Co. for 2025 was $97,000 and $72,300 for 2026 . However, the accountant noted that the llowing errors had been made: 1. Sales for 2025 included amounts of $38,500 which had been received in cash during 2025 , but for which the related products were delivered in 2026. Title did not pass to the purchaser until 2026. 2. The inventory on December 31,2025 , was understated by $7,800. 3. The bookkeeper in recording interest expense for both 2025 and 2026 on bonds payable made the following entry on an annual basis. Interest Expense 16,200 Cash 16,200 The bonds have a face value of $270,000 and pay a stated interest rate of 6%. They were issued at a discount of $17,000 on January 1,2025 , to yield an effective-interest rate of 7%. (Assume that the effective-interest method should be used.) 4. Ordinary repairs to equipment had been erroneously charged to the Equipment account during 2025 and 2026. Repairs in the amount of $8,100 in 2025 and $8,700 in 2026 were so charged. The company applies a rate of 10% to the balance in the Equipment account at the end of the year in its determination of depreciation charges. repare a schedule showing the determination of corrected income before taxes for 2025 and 2026. (Enter negative amounts using ther a negative sign preceding the number e.g. 15,000 or parentheses e.g. (15,000). Round answers to 0 decimal places, e.g. 125.) Income before Tax Corrections: Adjustment to Bond Interest Expense Sales Erroneously Included in 2025 Income Understatement of 2025 Ending Inventory Depreciation Recorded on Improperly Capitalized Repairs