B6 Pharoah Inc. is a calendar-year corporation. Its financial statements for the years 2022 and 2021 contained errors as follows:20222021Ending Inventory$11300 overstated $21400 overstatedDepreciation Expense $6300 understated $13800 overstatedO $5000 understatedO $3800 overstated$8800 overstated$17600 overstatedAssume that the proper correcting entries were made at December 31, 2021. By how much will 2022 income before taxes beoverstated or understated?

The Inventory management is an strategic process of managing, regulating, and optimizing a company's…

Pharoah Inc. is a calendar-year corporation. Its financial statements for the years 2022 and 2021 contained errors as follows: 2022 2021 Ending Inventory $11300 overstated $21400 overstated Depreciation Expense $6300 understated $13800 overstated Assume that the proper correcting entries were made at December 31, 2021. By how much will 2022 income before taxes be overstated or understated? O $5000 understated O $3800 overstated O $8800 overstated O$17600 overstated