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Waterlilly carpets books show the following data: Data tableRequirements 1. Prepare corrected income statements for the three years. 2. State whether each year's net income-before

Waterlilly carpets books show the following data: Data tableRequirements 1. Prepare corrected income statements for the three years. 2. State whether each year's net income-before your corrections-is understated or overstated, and indicate the amou 2 answers

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