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Salvage Company reported the following net income amounts: 2014 $62,000 2015 $48,000 2016 $60,000 In 2017, the company discovered errors that been made in computing

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Salvage Company reported the following net income amounts: 2014 $62,000 2015 $48,000 2016 $60,000 In 2017, the company discovered errors that been made in computing the ending inventories for 2014 and 2015, as follows: 2014 Ending inventory understated by $8,000. 2015 Ending Inventory understated by $4.000. Requirement: Compute the correct net incomes for the year 2015 only. When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,300. write it as 1500)

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