Question: Can someone please help me with the question Incorrect Question 12 0/0.5 pts Princess Co. uses a periodic inventory system. Beginning inventory on January 1,

Can someone please help me with the question

Can someone please help me with the question Incorrect Question 12 0/0.5

Incorrect Question 12 0/0.5 pts Princess Co. uses a periodic inventory system. Beginning inventory on January 1, 2019 was overstated by $32,000, and its ending inventory on December 31, 2019 was understated by $62,000. These errors were not discovered until 2020. As a result, Princess' net income for 2019 was 47 overstated by $94 000 overstated by $30 000 understated by $94,000 understated by $30,000

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