Straightarm Inc. is a calendar-year corporation. Its financial statements for the years ended 12/31/17 and 12/31/18 contained the following errors: Ending inventory Depreciation expense 2017 $15,000 understatement $6,000 understatement 2018 $24,000 overstatement $12,000 understatement Failed to record Unearned Revenue at 12/31/18: $7,000 Straightarm declared a cash dividend of $11,000 on 12/31/18. No journal entry was made in 2018. The dividend was paid on 1/3/19 Straightarm debited Retained Earnings and credited Cash 2018 Net Income is in error by: Select one a $54,000 b. 543,000 c558,000 d. 569,000 0 542,000