- 10.5 Question 12 of 14 wr Current Attempt in Progress Condensed income statements for Linda Corporation are shown below for two years. Sales Cost of Goods Sold Gross Profit Operating Expense Net Income 2021 $67,500 40,500 $27.000 13,500 $13,500 2022 $81,000 48,600 $32,400 13,500 $18.900 Compute the corrected net income for 2021 and 2022 assuming that the inventory at the end of 2021 was mistakenly overstated by $4,500 2021 2022 $ $ Corrected net income Twinland Media