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Tamarisk, Inc. reports net income of $92,500 in 2022. However, ending inventory was understated $8,500. What is the correct net income for 2022? Correct net income for 2022 $ Cheyenne Corp. understated its 2021 ending inventory by $31.800. Determine the impact this error has on ending inventory.cost of goods sold, and stockholders' equity in 2021 and 2022. 2021 2022 Ending inventory Cost of goods sold Stockholders' equity Overstated No Effect Understated