Generous Universe Company had the following financial information: Revenue Expenses Net income 2019 2018 * 1,350,000 1,000,000 980,000 650,000 370,000 $ 350,000 Total Assets Total Liabilities Total Owner's Equity 12/31/2019 * 1,570,000 500,000 + 1,070,000 12/31/2018 1,050,000 350,000 P 700,000 Generous failed to record 120,000 of accrued wages at the end of 2018. The wages were recorded and paid in January 2019. The correct accruals were made on December 31, 2019. 1. 2. What is the corrected net income for 2018? What is the corrected net income for 2019