Here is the question:

During the audit of XT Company's 2029 financial statements, the auditors discovered that the 2029 ending inventory had been overstated by $8,000 and that the 2029 beginning inventory was overstated by $5,000. Before the effect of these errors, 2029 pretax income had been computed as $100,000. What should be reported as the correct 2029 pretax income? [ Select ] [ Select ] $87,000 $92,000 $95,000 $97,000 $103,000