Wildhorse Compary is in the process of adjusting and correcting its books at the end of 2025 . In reviewing its records, the following information is compiled. 1. Wildhorse has failed to accrue sales commissions pryable at the end of each of the last 2 years, as follows. 2. In reviewing the December 31,2025 , imventory. Wildhorse discovered errors in its imventory-taking procedures that have caused inventories for the last 3 vears to be incorrect, as follows. Wildhorse has already mude an entry that established the incorrect December 31. 2025, imventory amount. 3. At December 31, 2025, Wituorse decided to change the depreciation method on its office equipment from double-declining: balance to stralght-line. The equipment had an original cost of $90,000 when purchased on January 1,2023, it has a 10-year useful life and no salvage value. Depreciation expense recorded prior to 2025 under the double-declining-balance method was $38,000. Wildhorse has already recorded 2025 depreciation expense of $12,500 using the double-declining-balance method. 4. Before 2025, Wildhorse accounted for its income from long-term construction contracts on the cost-recovery bask. Early in 2025, Wildhorse changed to the percentage-of-completion basis for accounting purposes. It continues to use the contrecovery method for tax purposes. income for 2025 has been recorded using the percentage- of -completion method, The foliowing information is availstie. Prepare the journal eritries nocessary at December 31, 2025, to rocord the above corrections and churses. The books are atill opes for debit ensie beforr oredit entries) was $38,000. Wildhorse has already recorded 2025 depreciation expense of $12,500 using the double-declining balance method. 4. Before 2025, Wildhorse accounted for its income from long-term construction contracts on the cost-recovery busis. Early in 2025, Wildhorse changed to the percentage-of-completion basis for accounting purposes. It continues to use the costrecovery method for tax purposes. Income for 2025 has been recorded using the percentage-of-completion method. The following information is available. Prepare the journal entries necessary at December 31, 2025, to record the above corrections and changes. The books are still open for 2025. The income tax rate is 20%. Wildhorse has not yet recorded its 2025 income tax expense and payable amounts so current-year tax effects may be ignored. Prior-year tax effects must be considered in itern 4. (Credit occount tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts. List all debit entries before credit entries.)