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Current Attempt in Progress The net income per books of Susan Wilson Company was determined without knowledge of the errors indicated below. Error in
Current Attempt in Progress The net income per books of Susan Wilson Company was determined without knowledge of the errors indicated below. Error in Ending Net Income Year per Books Inventory 2020 $49,600 Overstated $3,230 2021 51,620 Overstated 9,640 2022 53,510 Understated 10,760 2023 55,340 No error 2024 57,280 Understated 1,960 2025 59,310 Overstated 8,370 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Net Income Year Per Books Overstatement Jan. 1 2020 $49,600 2021 51,620 2022 53,510 2023 55,340 2024 57,280 2025 $ 59,310 $ Errors in Inventories Understatement Overstateme Jan. 1 Dec. 31 $
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