Question: please answer?? Reporting an Inventory Error In the current year, a company discovered errors in previously reported financial statements that overstated ending inventory on December

please answer??

Reporting an Inventory Error In the current year, a company discovered errors in previously reported financial statements that overstated ending inventory on December 31 of the prior year by $10,000, and overstated ending inventory on December 31 of two years prior by $15,000. Prepare the correcting entry required on January 1 of the current year, ignoring income taxes

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