ARTRU The net income per books of Pearl Company was determined without knowledge of the errors indicated below. PULLSCREEN PRINTER VERSION 4 BACK NE Year 2012 2013 2014 2015 2016 2017 Net Income per Books $48,800 50,890 53,000 54,960 57,150 59,330 Error in Ending Inventory Overstated $3,020 Overstated 8,200 Understated 10,970 No error Understated 1,980 Overstated 8,380 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Recall that ending inventory from one year becomes beginning inventory in the next year. Year 2012 Errors in Inventories Net Income Overstatement Understatement Overstatement Understatement corrected Net Per Books Jan. 1 Jan. 1 Dec. 31 Dec. 31 Income $48,800 2013 50,890 53,000 2014 2015 2016 2017 54,960 57,150 59,330