LO2. Eliot Shirts uses Periodic Inventory System and has reported a net income o $150,000 for 2022. However, during an audit, two separate errors were identifie that could affect 2022 income. The beginning inventory was understated by $10,000 and the ending inventory was understated by $3,000. Ignoring taxes, correct net income for 2022 is a) $163,000 b) $137,000 c) $143,000 d) $157,000 e) $165,000