In 2019, USP Delivery recorded an impairment loss of $462,000 on its corporate plane. We wish to reformulate the company's income statement and balance sheet under the assumption that the plane had been used for the prior five years-see Analyst Adjustments 6.2 for guidance. The company's tax rate is 25%. a. For the income statement, identify with numbers the adjustments for each of the five years 2015-2019 for: i. Loss on disposal ii. Depreciation iii. Tax expense iv. Net income Use a negative sign with your answer to indicate an adjustment decreases the account. Income Statement Adjustments 2015 2016 2017 2018 2019 Loss on disposal (reversal) (462,000) Tax Expense (reversal) 0 x Net Income (reversal) Depreciation Tax Expense 0 x 0x 0 x 0 x 0 x 92,400 0 % 0x 0x 0 x 0 x Net income (adjustment) Total net income (reversal + adjustment) 0 0 x 0 x 0 x 0 x 0 x 0 x 0 x 0 % b. For the balance sheet, identify with numbers the adjustments for each of the five years 2015-2019 for: i. Accumulated depreciation ii. Deferred tax iii. Retained earnings Use a negative sign with your answer to indicate an adjustment decreases the account. Balance Sheet Adjustments 2015 2016 2017 2018 2019 Accumulated depreciation 0 x 0 x 0 x 0 x Deferred tax liability 0 x 0 x 0 x 0 x Retained Earnings 0 x 0 x 0 x 0 *