For Year Ended December $31$

$($a$)$ Cost of goods sold

$($b$)$ Net income

$($c$)$ Total current assets

$($d$)$ Total equity

Complete this question by entering your answers in the tabs below.

Required $1$

For each key financial statement figure$-(a),(b),(c),$ and $(d)$ above$-$prepare a table to show the adjustments necessary to

correct the reported amounts.

Note: Amounts to be deducted must be entered with a minus sign.