Exercise 222 Condensed income statements for Pina Colada Corporation are shown below for two years. Sales Cost of Goods Sold Gross Profit Operating Expense Net Income 2021 2022 $79,500 $95,400 47,700 57,240 $31,800 $38,160 15,900 15,900 $15,900 $22,260 Compute the corrected net income for 2021 and 2022 assuming that the inventory as of the end of 2021 was mistakenly understated by $7,420. 2021 2022 Corrected net income Click if you would like to Show Work for this question: Open Show Work 22 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER 10 20