Navajo Company's financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Inventory on December 31, 2015, is understated by $64,000, and inventory on December 31, 2016, is overstated by $34,000. 000 739.000 000 282,000 (a) Cost of goods sold b) Not income Total curent Total equity 1 401,000 1594.000 Required 1. For each key financial statement figure (a), (b). (c), and (d) below prepare a table to show the adjustments necessary to correct the reported amounts. (Amounts to be deducted must be entered with a minus sign.) for 12131/2015 emor Comected amount 2312016 emor Total Current Assets 2015 2017 12012015 emor 231/2016 emor Comected amourt Adjuatments for 1231/2015 emor 12/31/2016 enor 2. What is the error in total net income for the combined three-year period resulting from the inventory errors