Problem 5-6A Analysis of inventory errors LO A2 Navajo Company's financial statements thow the followng. The company recenty discovered that in makng physical counts of inventory, it had made the following ertors. Year 1 ending tiventory is understared by 558,000 . and Year 2 ending inventory 15 overstated by $28,000 Reculred: 1. For each key tinancial statement figure-(d. (b). (d). and (d) below-prepare a table to show the adjustments necessary to correct the reported amounts 2. What is the total error in combined net income for the three-year period resulting from the irventory errors? Complete this question by entering your answers in the tabs below. For each bey financial statement figure-(a). (b), (c), and (d) below-prepare a table to show the adjustmenta necessary to cerrect the reported amounts. (Amounts to be deducted mutt be entered wieh a minus sign.) Problem 5-6A Anolysis of inventory errors LO A2 Navajo Company's financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the followng errors. Year 1 ending inventory is understated by $58,000, and Year 2 ending inventory is overstated by $28,000 Requtred: 1. For each key financial statement figure-(d), (b), (d), and ( ( b) below-prepare a table to show the adjustments necessary to correct the reported amounts. 2. What is the total error in combined net income for the three-year period resulting from the inventory errors? Complete this question by entering your answers in the tabs below. What is the errer in total net income for the combined three-year period resulting from the inventory errors