b. Depreciation expense was overstated by $55,000 in 2015 and understated by $70,000 in 2016.
c. was understated by $120,000 in 2015 and overstated by $178,000 in 2016.
Prepare the entry required lo correct these entries in 2017 when they are discovered, assuming that books have been closed for both 2015 and 2016. Greer does not prepare comparative statements.
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