Tony Company began operations in 2012. During the first two years of operations, the company made undiscovered errors in taking its year-end inventories that overstated 2012 ending inventory by...

Tony Company began operations in 2012. During the first two years of operations, the company made undiscovered errors in taking its year-end inventories that overstated 2012 ending inventory by $50,000 and overstated 2013 ending inventory by $40,000. The combined effect of these errors on reported net income is...

ANSWER is A: what is the process for getting this answer