The reported net incomes for the first $2$ years of Riverbed Products, Inc., were as follows: $2025,$$$133,900$;$2026,$$$167,400.$ Early in $2027,$ the following errors were discovered.

Depreciation of equipment for $2025$ was overstated $$15,700.$

Depreciation of equipment for $2026$ was understated $$41,100.$

December $31,2025,$ inventory was understated $$51,300.$

December $31,2026,$ inventory was overstated $$16,900.$

Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. $($Ignore income tax considerations.$)($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.$)$