Rutland Company reported net income of $630,000 at December 31, 2020 and net income of $550,000 at December 31, 2021. Rutland later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $77.500 and $112,000 respectively. The December 31, 2021 inventory was correct. Required: Assuming that no corrections were made in any year, determine the corrected amounts for 2020 and 2021 net income. HTML Editora