The reported net incomes for the first 2 years of Bramble Products, Inc, were as follows: 2025, $148,400;2026,$172,000. Early in 2027 , the following errors were discovered. 1. Depreciation of equipment for 2025 was overstated $17,400. 2. Depreciation of equipment for 2026 was understated $42,100. 3. December 31, 2025, inventory was understated $54,700. 4. December 31,2026, inventory was overstated $16,000. Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (lgnore income tax conslderations.) (Credit account titles are outomoticolly indented when the amount is entered. Do not indent manually if no entry is required. select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries)