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Crocker Company reported annual net income as follows: 2010 2011 2012 $484,480 487,680 409,984 Analysis of its inventories revealed the following in correct amounts: Compute

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Crocker Company reported annual net income as follows: 2010 2011 2012 $484,480 487,680 409,984 Analysis of its inventories revealed the following in correct amounts: Compute the annual net income for each of the three years a correct inventories had been used. correct inventory amounts and these ssuming the Incorrect Inventory Amount Correct I nventory Amount $ 76.800 $89,600 December 31, 2010 December 31, 2011 86,400 Compute the annual net income for each of the three years assuming the correct inventories had been used

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