Exercise 8-26 The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated below Net Income Error in Ending Year per Books 2012 2013 2014 2015 2016 2017 Inventory $50,000 52,000 54,000 56,000 58,000 60,000 Overstated $ 3,000 Overstated Understated 11,000 No error Understated 2,000 Overstated 9,000 8,000 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors Errors in Inventories Net Income Overstatement Understatement Overstatement Understatement Corrected Net Year Per Books 2012 2013 2014 2015 2016 2017 Jan. 1 Jan. 1 Dec. 31 Dec. 31 Income $50,000 52,000 54,000 56,000 58,000 60,000