QUESTION 8 (5 points) In 2019, Amaryllis overstated ending inventory by $3,273,000 and understated depreciation by $2,618,400. In 2020, Amaryllis understated ending inventory by $4,582,000 and overstated depreciation by $2,095,000. Based on these numbers, what was the error in Amaryllis's 2019 net income? (RE&CF 13) o Understated by $2,487,000 o Overstated by $5,891,400 Understated by $785,600 Understated by $6,677,000 QUESTION 9 (5 points) Drie Company is considering a change from FIFO to LIFO. The company reported ending inventory of $2,274,000 in 2020 using FIFO and would have reported $2,729,000 using LIFO; this year they reported inventory of $3,411,000 under FIFO and would have reported $3,923,000 under LIFO. If Drie Company reported net income in 2020 of $4,503,000 and in 2021 of $7,061,000, what will their net income for 2021 if they change to LIFO? (RE&CF 1) $4,048,000 $4,958,000 $6,549,000 $7,573,000