help please

ou are the new hered control of Evergreen Auto Supply vergreerd Evergreen is one of the largest automotive pets manufacturer in North America You are the newly red controller and you are in the process of making the 2020 financial statement reviewing the accounts, you noticed a few inventory related errors as ou ined below 1 The comported the sted amounts in its financial statements Financial Statement for Year Ended Dec. 31 To Current Ames b Net income Eareholder un 2019 745200 1250.000 22280850 2020 1500 US00000 3186850 2 Evergreen uses the perpetual reventory system for keeping its inventory records. During January 2021, the following errors were discovered a. Included in the inventory count on Dec 31, 2019 is $30,000 worth of consignment parts from one of the suppliers in Vancouver. These goods were owned by the supplier but stored in Evergreen inventory b. On Dec 30, 2019, the company recorded revenue of $150.000 and cost of sales of 50.000 for goods shipped to a customer FOB destination. The goods were not expected to anive at the destination before nay, 2020 Because the goods were not in Evergreen's premises, they were not induded in the Dec 31, 2015 physical inventory count. The company neglected to apply the lower of contornet realizable value to 2020 ending inventory. It was covered that the net rosszable values of ending inventory was $40.000 tower than cont Required: For each of the final statement des noted above, prepare a schedule and show as the dustments that would have been necessary to correct the reported amounts shown above. You cecided to prepare a chat to say the effect of the error see below to determine the ending revised balance of the selected francia Information there is no effect, indicate eithet $0 or otherwise, no maries will be given Presse ignore the tax effect and all sales are on account 2019 3745,200 2020 SITO Total Current Assets Adjustment Adjustment 20 Corrected Netcome 31250.000 3.00000 The company neglected to co the lower of cost of net reable value to the 2020 ending inventory. It was discovered that the net rentzable Vues of ending wventory was $140.000 lower than cot Required: For each of the financial statement tams noted above, prepare a schedule and show all the adjustments that would have been necessary to correct the reported amounts as shown above. You decided to prepare thart to summary the effect of the error see below to determine the ending revised balance of the selected financial information. If there is no effect, indicate either 50 or Notherwise, no maria wil be given Peace Ignore taxetfect and sales are on account 2019 3745200 2020 5 OD Total Current Assets Austment Adamental Corrected Net income 36960000 $1,500000 Albert Corrected 5220850 3850 Shareholder's Equity Asment Austment 2 Austment Corrected ou are the new hered control of Evergreen Auto Supply vergreerd Evergreen is one of the largest automotive pets manufacturer in North America You are the newly red controller and you are in the process of making the 2020 financial statement reviewing the accounts, you noticed a few inventory related errors as ou ined below 1 The comported the sted amounts in its financial statements Financial Statement for Year Ended Dec. 31 To Current Ames b Net income Eareholder un 2019 745200 1250.000 22280850 2020 1500 US00000 3186850 2 Evergreen uses the perpetual reventory system for keeping its inventory records. During January 2021, the following errors were discovered a. Included in the inventory count on Dec 31, 2019 is $30,000 worth of consignment parts from one of the suppliers in Vancouver. These goods were owned by the supplier but stored in Evergreen inventory b. On Dec 30, 2019, the company recorded revenue of $150.000 and cost of sales of 50.000 for goods shipped to a customer FOB destination. The goods were not expected to anive at the destination before nay, 2020 Because the goods were not in Evergreen's premises, they were not induded in the Dec 31, 2015 physical inventory count. The company neglected to apply the lower of contornet realizable value to 2020 ending inventory. It was covered that the net rosszable values of ending inventory was $40.000 tower than cont Required: For each of the final statement des noted above, prepare a schedule and show as the dustments that would have been necessary to correct the reported amounts shown above. You cecided to prepare a chat to say the effect of the error see below to determine the ending revised balance of the selected francia Information there is no effect, indicate eithet $0 or otherwise, no maries will be given Presse ignore the tax effect and all sales are on account 2019 3745,200 2020 SITO Total Current Assets Adjustment Adjustment 20 Corrected Netcome 31250.000 3.00000 The company neglected to co the lower of cost of net reable value to the 2020 ending inventory. It was discovered that the net rentzable Vues of ending wventory was $140.000 lower than cot Required: For each of the financial statement tams noted above, prepare a schedule and show all the adjustments that would have been necessary to correct the reported amounts as shown above. You decided to prepare thart to summary the effect of the error see below to determine the ending revised balance of the selected financial information. If there is no effect, indicate either 50 or Notherwise, no maria wil be given Peace Ignore taxetfect and sales are on account 2019 3745200 2020 5 OD Total Current Assets Austment Adamental Corrected Net income 36960000 $1,500000 Albert Corrected 5220850 3850 Shareholder's Equity Asment Austment 2 Austment Corrected