Exercise $5\mathrm{.}4($Algo$)$ Correcting net income. LO $5-2$

Assume that a firm reports net income of $$74,000$ prior to making adjusting entries for the following items: expired rent, $$5,400$; depreciation expense, $$6,600$; and supplies used, $$2,000.$

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Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income?