Whispering Tool Company's December $31$ year$-$end financial statements contained the following errors.

$\backslash$table$[[,$December $31,2025,$December $31,2026,],[,$$$10,000$ understated,,$$7,800$ overstated$],[$Ending inventory,$2,400$ understated,$-,]]$

An insurance premium of $$64,500$ was prepaid in $2025$ covering the years $2025,2026,$ and $2027.$ The entire amount was charged to expense in $2025.$ In addition, on December $31,2026,$ fully depreciated machinery was sold for $$14,400$ cash, but the entry was not recorded until $2027.$ There were no other errors during $2025$ or $2026,$ and no corrections have been made for any of the errors. $($Ignore income tax considerations.$)$

$($a$)$

Your answer is partially correct.

Compute the total effect of the errors on $2026$ net income.

Total effect of errors on net income

$ $$

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eTextbook and Media $$

Attempts: $1$ of $5$ used $$

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.