Yu cu: 1. Presentation and the journal entry (if any) on how to solve this error as required by IAS 8 Changes in accounting policies, accounting estimates and errors.

2. Identify the missing information at the "?", assuming there is no other information in addition to the given data and the enterprise does not distribute profits.

DT 0.4 LITOISE On June 1, 20x1, company XYZ discovered an error in its financial statements for the year ended December 31, 20x0 because it recognized an expense of the research period $30,000 as an Intangible asset on the 20x0 financial statements (the company should have recognized $30,000 as an expense in 20x0), and has depreciated 10% respectively. The corporate income tax rate is 20%. The following information is extracted from the financial statements: Statement of Financial Position 31/12/20x1 31/12/20x0 (before retroactive adjustment) 30,000 3,000 ? ? Intangible assets Accumulated depreciation expense Indistributed Profit ? 100,000 Income Statement Year 20x1 70,000 27,000 0 10,000 Year 20x0 (After retroactive adjustment) ? ? ? ? Nm 20x0 (Before retroactive adjustment) 70,000 27,000 3,000 10,000 Revenue Cost of goods sold Allocated Research Cost Saling and Administrative Expenses Undistributed Profits Current Income Tax Expenses (20%) Profit after Tax Yu cu: 33,000 6,600 ? ? 30,000 6,000 26,400 ? 24,000