During its first four years of operation, Marigold Co. reported the following net income.

2015		$86,100
2016		138,900
2017		169,000
2018		238,500

Marigold is undergoing its first financial statement audit. The external auditors noted the following: 1. In early 2018, Marigold Co. changed its estimate of bad debt expense from 2.5% of sales to 2.0% of sales. The company therefore adjusted its net income upward for 2015 through 2017 by the following amounts.

2015		$2,100
2016		3,900
2017		5,400

2. The auditor discovered that ending inventory was misstated as indicated below for the years ending 2015 and 2017:

Year		Amount of misstatement		Direction of misstatement
2015		$20,100		Overstatement
2017		$16,900		Understatement

Calculate net income to be reported in Marigolds comparative income statements for the years 2015 to 2018.

Marigold Co. Comparative Income Statements For the Years 2015 through 2018
		2015		2016		2017		2018
Net Income		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount