1: Mimi company's annual net income for the period 2013-2017 follows: Year 2013 2014 2015 2016 2017 Net Income (loss) PHP 150,000 340,000 645,000 (100,000) 250,000 A review of the company's records reveals the following inventory errors: Year 2013 2014 2015 2016 Amount Remarks 3,000 Understa 6,000 Overstate 4,500 Understa 11,000 Overstate 1. What is the adjusted net income (loss) in 2013? 2. What is the adjusted net income (loss in 2014? 3. What is the adjusted net income (loss). in 2015? 4. What is the adjusted net income (loss) in 2016? 5. What is the adjusted net income (loss) in 2017? Problem 1: Mimi company's annual net income for the period 2013-2017 follows: Year 2013 2014 2015 2016 2017 Net Income (loss) PHP 150,000 340,000 645,000 (100,000) 250,000 A review of the company's records reveals the following inventory errors: Amount Remarks 3,000 Understatement, end of th 6,000 Overstatement, end of the 4,500 Understatement, end of th 11,000 Overstatement, end of yea 1. What is the adjusted net income (loss) in 2013? 2. What is the adjusted net income (loss in 2014? 3. What is the adjusted net income (loss) in 2015? 4. What is the adjusted net income (loss) in 2016? 5. What is the adjusted net income (loss) in 2017