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Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: Ending inventory on 12/31/2020 Overstated by

Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: Ending inventory on 12/31/2020 Overstated by $50,000 Ending inventory on 12/31/2021 Understated by $30,000 The company reported 2021 net income of $300,000. What is Hudson's correct net income for 2021? Group of answer choices 380000 220000 320000 330000

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