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Tamarisk Watch Company reported the following income statement data for a two-year period. Tamarisk Watch uses a perpetual inventory system. The inventory amounts on January

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Tamarisk Watch Company reported the following income statement data for a two-year period. Tamarisk Watch uses a perpetual inventory system. The inventory amounts on January 1,2023 , and December 31,2024 , are corr However, the ending inventory on December 31,2023 , was overstated by $7,080. (a) Prepare correct income statements for 2023 and 2024

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