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Ending inventory is understated $24,000 at 12/31/X6. Ending inventory is understated $29,000 at 12/31/X7. Reported net income = $105,000 for X6 and $90,000 for X7.

Ending inventory is understated $24,000 at 12/31/X6.

Ending inventory is understated $29,000 at 12/31/X7.

Reported net income = $105,000 for X6 and $90,000 for X7.

Reported retained earnings at 1/1/X8 = $186,000.

Correct net income for X6 and X7 is

Corrected retained earnings at 1/1/X8 is?

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