Monty Limited has a calendar$-$year accounting period. The following errors were discovered in

$2023.$

$1.$ The December $31,2021$ merchandise inventory had been understated by $$50,200.$

$2.$ Merchandise purchased on account in $2022$ was recorded on the books for the first time

in February $2023,$ when the original invoice for the correct amount of $$2,900$ arrived.

The merchandise had arrived on December $28,2022,$ and was included in the December

$31,2022$ merchandise inventory. The invoice arrived late because of a mix$-$up by the

wholesaler.

$3.$ Inventory, valued at $$1,500,$ held on consignment by Monty was included in the

December $31,2022$ count.

Calculate the effect of each error on the $2022$ net income. $($Do not leave any answer field blank.

Enter $0$ for amounts.$)$