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Use the following information for the next five (5) questions: Havana Brown Company reported the following net income figures without knowledge of inventory errors. Year

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Use the following information for the next five (5) questions: Havana Brown Company reported the following net income figures without knowledge of inventory errors. Year Reported Net Income Error in Ending Inventory 2019 500,000 Overstated 50,000 2020 520,000 Overstated 90,000 2021 540,000 Understated 110,000 2022 560,000 No error 2023 580,000 Understated 20,000 2024 600,000 Overstated 100,000 Questions: Based on the above and the result of your audit, compute the corrected profit for the following year: 16) 2019 17) 2020 18) 2021 19) 2022 20) 2023

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