Navajo Companys year-end financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Year 1 ending inventory is understated by $58,000 and Year 2 ending inventory is overstated by $28,000.

For Year Ended December 31		Year 1		Year 2		Year 3
(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

For each key financial statement figure(a), (b), (c), and (d) aboveprepare a table to show the adjustments necessary to correct the reported amounts. What is the total error in combined net income for the three-year period resulting from the inventory errors?