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The income statement for the XYZ Company reflected the following: Subsequent to the development of these financial statements, the following errors were discover (1) Ending

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The income statement for the XYZ Company reflected the following: Subsequent to the development of these financial statements, the following errors were discover (1) Ending Inventory for 2021 was overstated by $5,000. (2) Ending Inventory for 2022 was understated by $3,000 What is the corrected net income for 2022 ? $9,000 $15,000 $5,000 $10,000 $,000

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