Use the following information for questions through.Ignore taxes. Peach Inc.'s financial statements for the years 2014 and 2015 contained errors as follows: 
-Assuming that the errors made in 2014 were corrected, but that the errors made in 2015 were not detected, by what amount will 2015 income before taxes be overstated or understated?
Definitions:
Feeling State
A temporary emotional condition or mood that an individual experiences.
Positive Moods
Emotional states that are characterized by feelings of happiness, satisfaction, or optimism.
James-Lange Theory
A theory of emotion proposing that physiological arousal precedes the experiencing of emotions.
Bodily Responses
Physiological reactions or responses of the body to internal or external stimuli.
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