Exercise 22-17 Your answer is partially correct. Try again. The reported net incomes for the first 2 years of Whispering Products, Inc., were as follows: 2017, $136,300; 2018, $183,000. Early in 2019, the following errors were discovered. 1. Depreciation of equipment for 2017 was overstated $17,100 2. 3. Depreciation of equipment for 2018 was understated $39,000. December 31, 2017, inventory was understated $53,300. 4. December 31, 2018, inventory was overstated $15,700 Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax considerations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit 37600 21900 Accumulated Depreciation-Equipment of used