The before-tax income for Kingbird Ca for 2025 was $107,000 and $77,200 for 2026. However, the accountant noted that the following errors had been made: 1. Sales for 2025 included amounts of $41,300 which had been received in cash during 2025, but for which the related products were delivered in 2026. Title did not pass to the purchaser unti 2026. 2. The inventory on December 31,2025 , was understated by $9,000. 3. The bookkeeper in recording interest expense for both 2025 and 2026 on bonds pyyable made the following entry on an annual basis: Interest Expense: 14,400 Cash 14.400 The bonds have a face value of $240,000 and psy a stated interest rate of 6%. They were issued at a discount of $16,000 on January 1.2025 , to vield an effective-interest rate of 7%. (Assume that the effective-interest method should be used) 4. Ordinary repairs to equipment had been erroneously charsed to the Equipment account durine 2025 and 2026 . Repairs in the amount of 58.600 in 2025 and $9,000 in 2026 were so charged. The company applies a rate of 100 to the bstance in the Ecuipment sccount st the end of the yearlintes deterinination of depreclation charget Prepare a schedule showing the determination of corrected income before taves for 2025 and 2026 . Enter nesotive amounts using either a nejotive sign preceding the number es. 15,000 or parentheses es. (15,000) Round answers to 0 decimal places, es. 125) Prepare a schedule showing the determination of corrected income before taxes for 2025 and 2026 . (Enter negotive amounts using either a negative sign preceding the number e 815,000 or porentheses e g, (15,000), Round answers to 0 decimal places, eg. 125.)