Please use the same format reply. Thank you

Skysong Watches reports net income of 65,000 in 2020 . However, ending inventory was understated 6,400. What is the correct net income for 2020 ? The correct net income for 2020 What effect will this error have on total assets as reported in the statement of financial position at December 31,2020 ? Total assets in the statement of financial position will be by C This information is available for Marigold Photo for 2018, 2019, and 2020. (a1) Calculate inventory turnover for Marigold Photo Ltd, for 2018, 2019, and 2020. (Round answers to 2 decimal places, e. . 0.10. Use 365 days for calcuation.)