Marina Sailboats reports income before income taxes of $80,000 during 2010. If beginning inventory was overstated by $7,000 and ending inventory was understated by $8,000, calculate corrected income before income taxes for the year. (Show your work.

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The Answer of Marina Sailboats reports income before income taxes of $80,000 during 2010. If beginning inventory was overstated by $7,000 and ending inventory was understated by $8,000, calculate corrected income before income taxes for the year. (Show your work.

Marina Sailboats Reports Income Before Income Taxes of $80,000 During