ADJUSTED INCOME STATEMENT SALES COST OF GOODS SOLD GROSS PROFIT 1,200,000 800,000 400,000 THE PREDETERMINED OVERHEAD FOR THE PERIOD WAS $100,000 CASE I ASSUME ACTUAL OVERHEAD IS 90,000 MAKE THE CORRECT ADJUSTING ENTRIES AND PREPARE AN ADUSTED INCOME STATEMENT CASE I ASSUME ACTUAL OVERHEAD IS 120,000 MAKE THE CORRECT ADJUSTING ENTRIES AND PREPARE AN ADUSTED INCOME STATEMENT