QUESTION 2 THE FOLLOWING INFORMATION PERTAINS TO QUESTIONS 2-5 An item of inventory purchased in Period 1 for $15.00 has been incorrectly written down to its current replacement cost of $10.00 it should have been left at $15 because that replacement cost was an error, it was actually much higher. Cost of $15 was the correct amount that should have been used). sells during the following period.Period 2) for $30.00, its normal selling price, with disposal costs of $3.00. Assume the same sales price, disposal costs and normal profit margin also existed in the first period. The profit that should have been recorded in year 2 is how many dollars