Rhoda Company began operation on January 1, 2018. Financial statements for the years 2018 and 2019 contained the following errors: 2018-Ending inventory 800,000under, Depreciation 150,000under, Insurance expense 50,000over, Prepaid insurance 50,000under;

2019-Ending inventory 400,000over, Insurance expense 50,000over, Insurance expense 50,000under.

Requirements:

1.)Net income for 2018?

2.) Net income for 2019?

3.) Working capital on December 31, 2019?

4.)Retained earning on December 31, 2019?*