only need #2

AaBbCcDdE AaBbCcDdEc AaBbCcDdEe Heading 5 Normal Style1 NO Problem 5 (15 Points) Show how the following independent errors will affect net income on the Income Statement and the stockholders equity section of the Balance Sheet using the symbol + (plus) for overstated,- (minus) for understated, and o (zero) for no effect. 2019 2018 Income Balance Statement Sheet Income Statement Balance Sheet 1. Ending inventory in 2018 overstated. 2. Failed to accrue 2018 wages. 3. The total cost of an equipment (Useful life, 5 years) was incorrectly expensed in 2018. 4. Understated 2018 depreciation expense 2019 depreciation expense correct