The following table contains descriptions of errors related to inventory accounted for under a periodic inventory recordkeeping system and for property plant & equipment

You need to show your work to determine whether income before taxes and the balance sheet, for both the current year and the following years, are overstated, understated, or unaffected by the error.

$\backslash$table$[[$Error$,\backslash$table$[[$This Year$],[$CGS$]],\backslash$table$[[$This Year$],[$Ending$],[$Inventory$]],\backslash$table$[[$Next Year$],[$CGS$]],\backslash$table$[[$Next Year$],[$Ending$],[$Inventory$]]],[$a$.,\backslash$table$[[$Merchandise purchased on account on$],[$December $30$ of the current year was$],[$included in ending inventory. However, the$],[$purchase was not recorded until next year$],[$when the invoice was received from the$],[$vendor$.]],,,],[$b$.,\backslash$table$[[$Ending inventory of the current year was$],[$understated because of an error in the$],[$inventory records.$]],,,],[$c$.,\backslash$table$[[$Goods held on consignment were$],[$inadvertently counted in the physical$],[$inventory$.]],,,],[$d$.,\backslash$table$[[$A purchase shipped fob shipping point on$],[$Dec $29$ this year. The purchase was recorded,$],[$but not included in ending inventory count.$]],,,],[$e$.,\backslash$table$[[$The cost of a depreciable asset is incorrectly$],[$recorded as an expense this year.$]],,,],[$f$.,\backslash$table$[[$The cost of repainting was added to the$],[$Building account this year.$]],,,]]$

Impact on the income statement this year and next year $($and WHY$--$remember you have to show me how you got the letter in the box anyway for the inventory questions as well$)$

Impact on the balance sheet by the end of the life of the asset. WHY?