For three consecutive years, the So Company failed to recognize accruals, prepayments, and other transactions in its records. Reported net income and a listing of the errors appear below:

Reported prot or {loss} Pdsoouo Pomona Freedom]; a. Failed to record accrued expenses 34,000 23,000 43,000 b. Dyerstated ending inventories 63,000 28,000 36,000 c. Failed to record accrued 12,000 5,000 0,000 interest d. Failed to recognize unearned rent 24,000 20,000 13,000 e. Failed to record purchases on account, purchases were recorded when paid in the subsequent year, merchandise properly included in ending inventory. 25,000 20,000 f. Failed to record depreciation mam redone amour] 9. Failed to recognize prepaid insurance at year end 4,300 6,200 ?,300