Current Attempt in Progress Whispering Winds Supply Company reports net income of $141,600 in 2023. The ending inventory did not include goods valued at $10,620 that Whispering Winds Supply had consigned to Staples. (For question answer please scroll far right) (1) What impact will this error have on the income statement for 2023? If ending inventory is (2) (3) by $ What is the correct net income for 2023? The correct net income is $ , cost of goods sold will be What impact will this error have on the balance sheet at December 31, 2023? On the balance sheet, both inventory and retained earnings will be by $ and net i

Whispering Winds Supply Company reports net income of $141,600 in 2023 . The ending inventory did not include goods valued at $10,620 that Whispering Winds Supply had consigned to Staples. (For question answer please scroll for right) (1) What impact will this error have on the income statement for 2023? If ending inventory is by $ , cost of goods sold will be and neti (2) What is the correct net income for 2023? The correct net income is $ (3) What impact will this error have on the balance sheet at December 31, 2023? On the balance sheet, both inventory and retained earnings will be