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The reported net incomes for the first 2 vears of Ayayai Products, Inc, were as follown. 2025,5147,800,2026,5202,000, Early in 2027, the following errors were discovered.

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The reported net incomes for the first 2 vears of Ayayai Products, Inc, were as follown. 2025,5147,800,2026,5202,000, Early in 2027, the following errors were discovered. 1 Depreciation of equipment for 2025 was overstated $15,900. 2. Depreciation of equipment for 2026 wasunderstated $38.300 3. December 31,2025 , imventory was understated $49,500. 4. December 31,2026, irventory was overstated $14,900, Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (lignore income tax

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