1-Company acquired equipment on July 1, 2015 from National Manufacturer at $16000The estimated useful life of 5 years and estimated residual value of $1000 the company realized that it mistakenly recoded depreciation based on the SLM instead of the SYD method. 2- failed to recognized $500 unrealized gain on non-trading securities. 3- company mistakenly reports $1000 gain on reissuing treasury share in the income statement of 2016. A) - Show the dollar amount impact, if any, and the nature of the effect (overstatement or understatement or no effect) of these accounting errors on the following financial statement items(company subject to 40% tax rate). :

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The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Luo Company at the end of 2020 are shown here. Equipment Beg. bal. 80,600 Disposals 23,800 Acquisitions 40,000     End. bal. 96,800     Accumulated Depreciation—Equipment Disposals 8,700 Beg. bal. 47,800     Depr. exp. 13,300     End. bal. 52,400 In addition, Luo’s income statement reported a loss on the disposal of plant assets of $6,100. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipment   $

need to jornal entries