The reported net incomes for the first 2 years of Culver Products, Inc. were as follows: 2025,$154,900;2026,$173,500. Early in 2027, the following errors were discovered. 1. Depreciation of equipment for 2025 was overstated $17,600. 2. Depreciation of equipment for 2026 was understated $38,600. 3. December 31,2025 , inventory was understated $51,600. 4. December 31, 2026, inventory was overstated $16,000. Prepare the correctingentry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax considerations.) (Credit account titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entries before credit entries.)