Proof verification for proof by induction for the sum of n natural odd numbers

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Suppose we have to prove that $1+3+5+...(2n-1)=n^2$

Here is my "proof," which I did by induction. Since I am learning induction, I wanted to know whether I did it correctly (I don't think I did).

For the base case, suppose n=1. Then $2(1)-1=1^2$, which is clearly true.

Now suppose $n=k$, then $1+3+5+...+ (2k-1)=k^2$

For $n=k+1$, $1+3+5+...+(2k+1)=(k+1)^2$. Then $1+3+5+...+(2k+1)=k^2+2k+1$. The 2k+1's cancel out, leaving $1+3+5+...+2k-1=k^2$, which is true by the induction hypothesis. QED?