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During the third quarter, it was discovered that the ending inventory for the first quarter should have been $4.120. 3. Prepare corrected income statements for

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During the third quarter, it was discovered that the ending inventory for the first quarter should have been $4.120. 3. Prepare corrected income statements for each quarter. 4. Prepare the schedule with the following headings to reflect the comparative effects of the correct and incorrect amounts on the income statement

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