The adjusting entries for the following adjustments were omitted at period$-$end:

$(($Click the icon to view the omitted adjustments.$)$

Requirement

Compute the amount by which net income for the year is overstated or understated for each omitted entry. Use the following format to help analyze the transactions. $($Use parentheses or a minus sign for understated amounts.$)$

$3($Click the icon to view the sample format.$)$

Transaction

Overstated$/$Understated

Amount

a$.$