Please Answer all, with solutions Galactic Universe Company had the following financial information:2018P 1,000,000650,000P 350,0002019P 1,350,000980,000P 370,000RevenueExpensesNet income12/31/201912/31/2018P 1,570,000P 500,000P 1,070,000P 1,050,000P 350,000700,000Total AssetsTotal LiabilitiesTotal Owner's EquityPGalactic failed to record P 120,000 of accrued wages at the end of 2018. The wages wererecorded and paid in January 2019. The correct accruals were made on December 31, 2019.6. What is the corrected net income for 2018?С. Р 350,000D. P 230,000A. P 250,000В. Р470,000 6. What is the corrected net income for 2018?A. P 250,000В. Р470,000C. P 350,000D. P 230,0007.What is the corrected net income for 2019?A. P 250,000В. Р 370,000С. Р 430,000D. P 490,0008. The corrected total liabilities on December 31, 2018 should beA. P 400,000В. Р 230,000C. P 500,000D. P 470,0009. The corrected total owner's equity on December 31, 2019 should beA. P1,190,000В. Р 950,000C. P 1,010,000D. P 1,070,000

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Galactic Universe Company had the following financial information: 2018 P 1,350,000 P 1,000,000 650,000 P 350,000 2019 Revenue Expenses Net income 980,000 P 370,000 12/31/2019 12/31/2018 P 1,570,000 P 500,000 P 1,070,000 P 1,050,000 P 350,000 P 700,000 Total Assets Total Liabilities Total Owner's Equity Galactic failed to record P 120,000 of accrued wages at the end of 2018. The w led and paid in January 2019. The correct accruals were made on December 31, 2 6. What is the corrected net income for 2018? С. Р 350,000 D. P 230,000 A. P 250,000 В. Р470,000