I need the second part so I can understand it. thank you

(23 points) company's net incomes for the past two years are presented below (ignore tares 2019 2018 $480,000 $150,000 puing the 2019 year -end audit, the following items come to your attention Dyke boug ht equipment on January 1, 2018 for $490,000 with a $40,000 estimated salvage value and a ife. The company debited an expense account and credited cash on the purchase date for the entire cost of the asset. (Straight-line method) 2019 2018 $%21,000 2. Inventory Overstatement of ending inventory Understatement of ending inventory $28,000 3. Dyke records commission expense when paid. The following are the accrued commissions at the end of 2018 and 2019 which had not been paid. December 2018 $5,1 December 2019 $6,200 Instructions A. Determine corrected net incomes for 2018 and 2019. 2019 Reported Net Income801000 s 150 000 -1 t75'ew) (15,00 150007.1 490 000 21000 211000 5 100 l 19 469,000 1000 Adjusted Net Income