Wilmington Company reported pretax income of $25,000 during 2013 and $30,000 during 2014. Later it was discovered that the ending inventory for 2013 was understated by $2,000 (and not corrected in 2013). What is the correct pretax income for each year? $\begin{array}{lll}&2013&2014\
\text { A. } & \$ 23,000 & \$ 32,000 \
\text { B. } & \$ 27,000 & \$ 32,000 \
\text { C. } & \$ 27,000 & \$ 28,000 \
\text { D. } & \$ 23,000 & \$ 28,000
\end{array}$

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The Answer of Wilmington Company reported pretax income of $25,000 during 2013 and $30,000 during 2014. Later it was discovered that the ending inventory for 2013 was understated by $2,000 (and not corrected in 2013). What is the correct pretax income for each year? $\begin{array}{lll}&2013&2014\
\text { A. } & \$ 23,000 & \$ 32,000 \
\text { B. } & \$ 27,000 & \$ 32,000 \
\text { C. } & \$ 27,000 & \$ 28,000 \
\text { D. } & \$ 23,000 & \$ 28,000
\end{array}$

Wilmington Company Reported Pretax Income of $25,000 During 2013 and $30,000