During 2014, Paul Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts 2012 2013 $75,000 understated $60,000 overstated Paul uses the periodic inventory system Prior to any adjustments for these errors and ignoring income taxes, Paul's 2013 Net income would be: Select one: a Correct Ob $15,000 understated O $60.000 overstated O d. $135,000 overstated e $135,000 understated