Complete the table below by entering a plus sign to indicate overstatement, a minus sign to indicate understate$-$

ment, or a zero for no effect.

Effect of Error On

a$.$ Ending inventory for Year $1$ understated:

Year $1$ financial statements.

Year $2$ financial statements.

b$.$ Ending inventory for Year $2$ overstated:

Year $2$ financial statements.

Year $3$ financial statements.

c$.$ Failed to record depreciation in Year $1$:

Year $1$ financial statements.

Year $2$ financial statements.

d$.$ Failed to record a liability for cash advances

received in Year $1$ related to Year $2$

revenue; instead, credited revenue $($in full$)$

erroneously in Year $1$:

Year $1$ financial statements.

Year $2$ financial statements.