Complete the table below by entering a plus sign to indicate overstatement, a minus sign to indicate understatement, or a zero for no e$$ect$.$

Effect of Error on

Assets Liabilities Stock Equity Net Income

$1.$ Failed to record depreciation in Year $2$:

Year $2$ financial statements Answer $1$

Answer $2$

Answer $3$

Answer $4$

Year $3$ financial statements Answer $5$

Answer $6$

Answer $7$

Answer $8$

$2.$ Failed to record revenue collected in advance at end of Year $2($was reported as revenue$)$:

Year $2$ financial statements Answer $9$

Answer $10$

Answer $11$

Answer $12$

Year $3$ financial statements Answer $13$

Answer $14$

Answer $15$

Answer $16$

$3.$ Ending inventory understated and cost of goods sold overstated for Year $2$:

Year $2$ financial statements Answer $17$

Answer $18$

Answer $19$

Answer $20$

Year $3$ financial statements Answer $21$