PLEASE HELP ME WITH QUESTION 3, 7, 9.THANK YOU

1. Determine the effect of the errors on retained earnings at January 1, 2024. (Ignore income taxes.) 2. Prepare a journal entry to correct the errors. Complete this question by entering your answers in the tabs below. Prepare a journal entry to correct the errors. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Related retail price indexes are as follows: Required: Determine ending inventory and cost of goods sold using the information provided. In 2024, the controller of Sytec Corporation discovered that $48,000 of inventory purchases were incorrectly charged to advertising expense in 2023. In addition, the 2023 year-end inventory count failed to include $33,000 of company merchandise held on consignment by Erin Brothers. Sytec uses a periodic inventory system. Other than the omission of the merchandise on consignment, the year-end inventory count was correct. The amounts of the errors are deemed to be materia Required: 1. Determine the effect of the errors on retained earnings at January 1, 2024. (Ignore income taxes.) 2. Prepare a journal entry to correct the errors. Complete this question by entering your answers in the tabs below. Determine the effect of the errors on retained earnings at January 1,2024 . (Ignore income taxes.) Han Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the products are as follows: Required: What unit values should Han use for each of its products when applying the lower of cost or market (LCM) rule to ending inventory