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Given: Purchases Sales Returns Freight Out Beginning Inventory Purchase Discounts Overstated Understated 3 54 5 4 15 7 Net Income is: Select one: O a.

Given: Purchases Sales Returns Freight Out Beginning Inventory Purchase Discounts Overstated Understated 3 54 5 4 15 7 Net Income is: Select one: O a. Understated $2 O b. Understated $24 O c. Overstated $6 O d. Understated $26 O e. Understated $16

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