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. (Inventory Errors) The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated. Year Net Income per Books

. (Inventory Errors) The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated.

Year

Net Income per Books

Error in Ending Inventory

2017

54,000

Understated

11,000

2018

56,000

No error

2019

58,000

Overstated

2,000

Instructions

Calculate the adjusted net income figure for each of the 3 years after taking into account the inventory errors.

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