Trevvy reported pre-tax income $120,000. You have been made aware that Trevvy's beginning inventory was...
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Trevvy reported pre-tax income $120,000. You have been made aware that Trevvy's beginning inventory was overstated by $14,000 and ending inventory was understated by $1,000. As well, the company's recorded purchases are understated by $10,000. Trevvy uses a periodic inventory system. What is Trevvy's corrected income before income tax for 2021
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