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Dows Company Prepared Income Statements That Reflected Pretax Income of $21,000

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Dows Company prepared income statements that reflected pretax income of $21,000 for 2018 and $30,000 for 2019.An audit has determined that there were two errors in the inventory amounts as follows:
Dows Company prepared income statements that reflected pretax income of $21,000 for 2018 and $30,000 for 2019.An audit has determined that there were two errors in the inventory amounts as follows: Determine the correct pretax income amount for each year (show computations;assume the errors were not corrected): Determine the correct pretax income amount for each year (show computations;assume the errors were not corrected):

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2018: $21,000 - $1,0...

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