The estimated amount of depreciation on equipment for the current year is $8,200. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank. Effects of Errors on Financial Statements For a recent year, the balance sheet for The Campbell Soup Company (CPB) includes accrued expenses was $849 million $604 million. The income before taxes for Campbell for the year a. Assume the adjusting entry for $604 million of accrued expenses was not recorded at the end of the year. By how much would income before taxes have been misstated? million b. What is the percentage of the misstatement in (a) to the reported income of $849 million? Round to one decimal place. 9%