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For calendar 2019, Redfern Corporation reported pre-tax income of $275,000. You have been made aware that the company's beginning inventory was overstated by $15,000 and

For calendar 2019, Redfern Corporation reported pre-tax income of $275,000. You have been made aware that the company's beginning inventory was overstated by $15,000 and ending inventory was understated by $10,000. What is Redfern's corrected pre-tax income for 2019?

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