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Determine what the income before taxes

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Question - The following inventory valuation errors have been discovered for Jellison Corporation:

The 2018 year-end inventory was understand by $17,000.

The 2019 year-end inventory was overstated by $80,000.

Jellison's reported income before income taxes in these years was as follows:

Year - Income Before Taxes

2018 - $185,000

2019 - 210,000

Determine what income before taxes for 2018, 2019, should have been after correcting for the errors.

Reference no: EM132432246

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