During January 2013, What Snew Inc $\begin{array} { | l | l | } \hline \text { Computation } & \text { Answer } \\\hline\end{array}$

During January 2013, What Snew Inc. discovered that (a) the 2012 ending inventory had been understated by $2,000 (and never had been corrected by the accountants) and (b) 2013 credit purchases were understated (not recorded) by $800 (to be paid January 15, 2013). Before correction of errors, pre-tax income was: 2012, $44,000 and 2013, $52,000. Assume a periodic inventory system.
Required:
(a) Complete the following to show the correct amounts (show computations): $\begin{array} { | l | l | } \hline \text { Computation } & \text { Answer } \\\hline\end{array}$
2012 correct pre-tax income _______________________ $_______________ 2013 correct pre-tax income _______________________ $_______________ (b) Give any entry (entries) that would be required on January 2, 2013, that should be made to correct the accounts (if none is required, so state). Ignore income taxes and assume the books for 2013 have not been closed.