The before-tax income for Kingbird Co, for 2025 was $107,000 and $70,100 for 2026 . However, the accountant noted that the following errors had been made: 1. Sales for 2025 included amounts of $37,100 which had been received in cash during 2025 , but for which the related products were dellvered in 2026 . Title did not pass to the purchaser until 2026. 2. The inventory on December 31,2025 , was understated by $8,700. 3. The bookkeeper in recording interest expense for both 2025 and 2026 on bonds payable made the following entry on an annualbasis. Interest Expense 16,200 Cash 16,200 The bonds have a face value of $270,000 and pay a stated interest rate of 6%. They were issued at a discount of $15,000 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 the amount of $9,200 in 2025 and $10,200 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.s. -15,000 or parentheses e.s. (15,000). Round answers to 0 decimal places. e.s. 125.) Prepare a schedule showing the determination of corrected income before tawes for 2025 and 2026 . (Enter negative amounts using either a negative sign precediag the number e.g. 15,000 or parentheses e.g. (15,000). Round answers to 0 decimal places, e.g. 125.) Corrections: Corrected income betore Tax