1) The net income per books of Bramble Industries Limited was determined without any knowledge of the following errors. The 2019 year was Brambles first year in business. No dividends have been declared or paid.

Year		Net Income per Books			Error in Ending Inventory
2015		$51,800			Overstated			$4,500
2016		54,200			Overstated			8,700
2017		55,300			Understated			12,000
2018		56,000			No error
2019		59,100			Understated			1,600
2020		62,000			Overstated			10,400

a) Prepare a work sheet to show the adjusted net income figure for each of the six years after taking the inventory corrections into account.

b) Prepare a schedule that shows both the original retained earnings balance reported at the end of each year and the corrected amount.