Kieso, Intermediate Accounting, 16e Hele I Home Read, Study& Practice Gradebk ORIONDownloadable eTextbook AssianmentOpen Assignment CALCULATOR PRINTER VERSION BACK NEXT> ASSIGNMENT RESOURCES Net Income Error in Ending Year per Books 2012 2013 2014 2015 2016 2017 HW 3-2 NA $49,600 Overstated 2,960 9,840 Understated 11,160 Overstated 51,620 53,770 55,650 57,720 59,810 No error Review Results 8,420 tudy ob Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Errors in Inventories Net Income Overstatement Understatement Overstatement Understatement Corrected Net Year Per Books 2012 2013 2014 2015 2016 2017 Jan. 1 Jan. 1 Dec. 31 Dec. 31 Income $49,600 51,620 53,770 55,650 57,720 59,810