Navajo Companys 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, 2012, is understated by $58,000, and inventory on December 31, 2013, is overstated by $28,000

For Year Ended December 31	2012	2013	2014
(a)	Cost of goods sold	$	733,000	$	963,000	$	798,000
(b)	Net income		276,000		283,000		258,000
(c)	Total current assets		1,255,000		1,368,000		1,238,000
(d)	Total equity		1,395,000		1,588,000		1,253,000