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Question - Marathon Company has a year end of August 31. Marathon Company's financial statements included the following errors for the 2021 and 2022 years:
2021
2022
Ending inventory
$15,000 overstated
$45,000 understated
Required - Calculate the amount by which income before income taxes was understated or overstated for:
1. The 2021 year
2. The 2022 year
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