Indicate the effect-Understated (U), Overstated (O), or No Effect (NE)-that each of the following errors has on 2013 net income and 2014 net income:

                                                                                                        2013........... 2014 _

Wages payable were not recorded at Dec. 31, 2013................._____________

Equipment purchased in 2012 was expensed. ........................_____________

Equipment purchased in 2013 was expensed.........................._____________

Ending inventory at Dec. 31, 2013, was overstated.................._____________

Patent amortization was not recorded in 2014. ......................._____________