Riker Retail Ltd.s fiscal year end is June 30. The following errors were discovered on July 3, 2021, as Riker was completing its year-end process. a) When the inventory was counted on June 30, 2020, the inventory stored in a small room at the back of the warehouse was missed, and wasnt included in the beginning inventory. The cost of this inventory was $28,000. b) Riker sold product on behalf of another company (LaForge Ltd.). When the inventory was counted on June 30, 2021, $6,200 of inventory on consignment for LaForge was accidentally included in Rikers inventory. c) On June 25, 2021, Riker ordered $8,400 of merchandise from one of its suppliers. The terms of the purchase were fob shipping point. The inventory was included in Rikers year-end inventory count on June 30; however, the purchase of the inventory was not recorded on Rikers books until the merchandise arrived on July 2, 2021. d) On February 2, 2021, Riker received an invoice from a supplier for $8,600 for the purchase of inventory. Rikers accounts payable clerk accidentally entered the invoice as $6,800. e) February 2, 2021 was a bad day for Rikers accounts payable clerk. In addition to the error above, the invoice for shipping the above inventory ($600) was coded to Miscellaneous expense instead of being included as part of the cost of the inventory. REQUIRED: For each of the errors described above, describe the effect on Riker Retails net income for the year ended June 30, 2021.