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Sheffield, Inc. is a calendar-year corporation. Its financial statements for the years 2026 and 2025 contained errors as follows: Ending inventory Depreciation expense 2026 $15850

Sheffield, Inc. is a calendar-year corporation. Its financial statements for the years 2026 and 2025 contained errors as follows: Ending inventory Depreciation expense 2026 $15850 overstated $ 6500 overstated $3450 overstated $3450 understated. $9650 overstated $6200 understated 2025 $25000 overstated $18500 overstated Assume that the proper correcting entries were made at December 31, 2025. By how much will 2026 income before taxes be overstated or understated?
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Assume that the proper correcting entries were made at December 31,2025 . By how much will 2026 income before taxes be overstated or underisted

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