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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.
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