Correction of Inventory Errors The annual reported income for Salazar Company for the years 2014-2017 is shown here. However, a review of the inventory records reveals inventory misstatements, 2014 2016 2017 Reported net income S30,000 $40,000 $35,000 $45,000 Inventory overstatement, end of year 3,000 2,000 Inventory understatement, end of year 4,000 1,000 2015 Required: Using the data provided, calculate the correct net income for each year