Tucker Inc. performed its lower-of-cost-or-market (LCM) analysis at the end of the year with the following results for two of its products: Product A $200 $225 Description Cost per unit Designated market value per unit Which product(s), if any, should be written down at the end of the year? Product B $340 $300 On 12/31/2023, Martin Corp. understated a purchase of inventory on account. Rather than recording the inventory purchase for $60,000, it recorded the amount as $20,000 in both the "Inventory" and "Accounts Payable" accounts. Martin Corp. will not pay for this inventory until early 2024. Martin's cost of ending inventory per its physical inventory count at the end of 2023 was correctly stated. As a result of this inventory purchase error, how is Martin's net income affected for 2023? Saturn Corp.'s beginning inventory on 1/1/23 was overstated by $65,000. In addition, in 2023, Saturn overstated the cost of its net purchases by $25,000. The cost of ending inventory on 12/31/23 is correctly stated. Before any adjustments for the above error items, Saturn's net income on its 2023 income statement was $8,000,000. Assuming Saturn corrects these errors, what should Saturn report as its corrected net income for 2023? Ignore income tax effects.