Swifty 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 $51,800. 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 $3,100 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 $1,000, held on consignment by Swifty was included in the December 31, 2022 count. Calculate the effect, if any, that each error had on the related December 31, 2022 statement of financial position items. (Do not leave any answer field blank. Enter 0 for amounts.)