1. Upon reviewing the financial statements, you have determined that the sales revenue listed on the financial statements is incorrect and should actually be $15,000 instead of $5,000. Assuming all other accounts are accurate, what would the new net income be? (enter your answer as a whole number and don't use punctuation, example $7,800 would be 7800) Sales COGS Gross Profit Expenses General & Administrative Research and Development Sales & Marketing Total Expenses Income statement Operating Earnings Tax Net Income $5,000.00 $1,000.00 $4,000.00 $6,000.00 $0.00 $3,000.00 $9,000.00 -$5,000.00 $0.00 -$5,000.00 Net Cash from Operations Net Income Decrease/(Increase) of AR Increase/(Decrease) of AP Total Statement of Cash Flows Net Cash from Investing Equipment Purchase Net Cash from Financing Equipment Loan Common Stock Total Cash at Start of the Period Cash at the End of the Period -$5,000.00 -$2,500.00 $1,000.00 -$6,500.00 $0.00 $0.00 $25,000.00 $25,000.00 $0.00 $18,500.00 Assets Current Cash Accounts Receivab