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Moonland Company's income statement contained the following errors Ending inventory, December 31, 2021, understated by $7,500. Depreciation expense for 2021 overstated by $ 1,500. What

Moonland Company's income statement contained the following errors

Ending inventory, December 31, 2021, understated by $7,500.

Depreciation expense for 2021 overstated by $ 1,500.

What is the effect of the errors on 2021 net income before taxes?

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