Tata Motors is the India's largest automakers. The company reported pre-tax profit of Rs437202 million in fiscal 2012 and pre-tax profit of Rs844935 million in fiscal 2013. Assume that there are no income taxes so that these amounts are also after-tax amounts. Consider the following scenario. Suppose the company built a new factory that began production at the beginning of the fiscal 2012. Cost of the factory was Rs 900,000 million, and its life was estimated to be 20 years. If TMC neglected to take depreciation on the factory in fiscal 2012 but correctly charged one year's depreciation in fiscal 2013, (a) What misstatements would exist on TMC's 2012 financial statements? (b) What is the correct pre-tax profit in 2012? (c) What is the pre-tax income in 2013? (d) Does it overstate or understate the retained earnings in 2012 and 2013? (e) How does it impact the property, plant and equipment of the company? [9M]