Sleeping Sheep Ltd. (SSL) has prepared their statement of earnings for the last number of years without realizing that the errors noted below were included in the books and records. SSLs first year of operations was 2019 and due to a shortage of cash, no dividends have been declared since the inception of the business. 2019 SSL reported net income of $80,000 2020 SSL reported net income of $94,000 2021 SSL reported net income of $75,000 2022 SSL reported net income of $82,000 In 2022, a new accountant from BUs intermediate accounting class took over finance operations at SSL. This person found the following errors: 2019 ending inventory understated by $2,000 2020 ending inventory overstated by $8,000 2021 ending inventory overstated by $6,000 2022 no errors in ending inventory noted as the BU accountant oversaw finance Required (24 marks): a) Calculate the adjusted net income amount for each year (2019 2022) taking the inventory corrections into consideration. b) Prepare a schedule showing the original retained earnings reported at the end of year (2019 2022) and the corrected retained earnings that should have been reported each year. c) The unadjusted (or original) retained earnings at the end of 2022 is the same as the corrected retained earnings at the end of 2022. Why is this?