Navajo Compony's yeat-end financial statements show the following. The company recently discovered that in making physical counts of inventory, it hod made the following errors: Year 1 ending inventory is understated by $61,000 and Yoar 2 ending inventory is overtated by $31,000 Required: 1. For each key financial statement figure-(a), (b), (c). and (d) above-prepare a table to show the adjustments necessary to correct the reponted amounts. 2. What is the total error in combined net income for the throe-year period resulting from the inventory errors