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Waymire Company prepared the partial income statem

Waymire Company prepared the partial income statements presented below for 2009 and 2008: Required: 1. Prepare corrected income statements for 2009 and 2008. 2. Prepare a schedule showing each financial statement item affected by the error and the amount of the error for that item. Indicate whether each error is an overstatement (+) or an understatement().

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