Sheridan Company has had issues counting its inventory over the last several years. Assuming that the 2022 inventory was correct, the following information was gathered. Year Net Income Error in Inventory 2023 $124,800 Understated by $16,500 2024 $186,100 Understated by $3,000 2025 $145,100 Correct 2026 $139,600 Overstated by $11,200 2027 $194,400 Overstated by $8,000 Prepare a schedule showing the adjusted net income figure for each year after considering the inventory errors. Ignore the effect of income taxes Year Net Income Per Books Add Overstatement Jan. 1 Deduct Understatement. Jan.1 Deduct Overstatement Dec. 31 2023 $ $ 2024 2025 2026 2027