Ethical Dilemma. When Larry fled his taxes he forgot to include $2,450 in cash income he earned painting a friend's house He was going through his checking account records and noticod the cash degosit and realized his mistake a. Should Larry ignore his mistake of fle an amended return? Why or why not? b. What are possible consequences of Larry ignoring the entor? a. Should Larry ignore his mistake of fle an amended return? Why or why not? (Select the best answer below) A. Larry can lgnore tis mistake, Since it was an honest mistake, an amended retum is not necessary. B. Lary can bnore his mistake. If he doss not file an amanded retum, there is no penaly, so he should not wave his time. C. Larry should amend his return and pay the logal amognt owed. If he does not fle an amended retum he is commiting tax traud D. Larry should anend his retum and pay the legal amount owed. If he coes not file an amended retum, he will owe the money next yea: b. What are poswble consequences of Larry ignoring the erron (Select the best answer below) A. If Larrys oversight is discovered by the IRS. Ne wil pay the tax owed plus pensites. B. If Larrys overnght is discovered by the IRS, he wil pay the tax owed and send a written apology weer to the IRS: C. MLary's oversight is dacovered by the IRS, he wil pay the tax owed. D. If Lary/s oversight is discovered by the IRS, he will need to send a willen apology letter to the IRS