3 The following inventory valuation errors were discovered by Knox Corporation's new controler just after the annual financial statements were published at the end of Year 3 > The Year 2 ending Inventory was understated by $17000 > The Year 2 ending Irwentory was understated by $6.000 > The Year 1 ending inventory was overstated by $23,000. The net income for Knox in each of these years was 01:14 Year 2 Net income Year 3 $168.00 $254.000 Year 1 $138.000 Assuming there were no income taxes and no corrections were made proto the discovery of the errors after the end of year, the net income in each year should be adjusted to Year 3 $212.000 $124,000 $90,000 $124.000 Year 2 $170 000 $380DO 53300 $1703 Year 1 $160,00 $115.000 $161.000 $115,000 d