The before-tax income for Cullumber Co. for 2025 was $98,000 and $83,700 for 2026 . However, the accountant noted that the following errors had been made: 1. Sales for 2025 included amounts of $41,800 which had been received in cash during 2025 , but for which the related produ were delivered in 2026. Title did not pass to the purchaser until 2026. 2. The inventory on December 31,2025 , was understated by $8,000. 3. The bookkeeper in recording interest expense for both 2025 and 2026 on bonds payable made the following entry on an annual basis. Interest Expense 16,800 Cash 16,800 The bonds have a face value of $280,000 and pay a stated interest rate of 6%. They were issued at a discount of $16,000 on January 1, 2025, to yield an effective-interest rate of 7%. (Assume that the effective-interest method should be used.) 4. Ordinary repairs to equipment had been erroneously charged to the Equipment account during 2025 and 2026. Repairs in amount of $7,700 in 2025 and $9,500 in 2026 were so charged. The company applies a rate of 10% to the balance in the Equipment account at the end of the year in its determination of depreciation charges. Prepare a schedule showing the determination of corrected income before taxes for 2025 and 2026. (Enter negative amounts using either a negative sign preceding the number e.g. 15,000 or porentheses eg. (15,000). Round answers to 0 decimol ploces. e 8 . 125 .) Income before Tax Corrections: Adjustment to Bond Interest Expense Adjustment to Bond interest Payable Depreciation Not Recorded on Capitalized Repairs Depreciation Recorded on Improperly Capitalized Repairs Overstatement of 2025 Ending inventory Repairs Erroneously Charged to the Equipment Account Repairs Not Charged to Equipment Account Sales Erroneously Excluded in 2025 Income Sales Erroneously Included in 2025 income Understatement of 2025 Ending liventory