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Sunland Company reported net incomes for a three-year period as follows: 2022, $193,800; 2023, $198,200; 2024, $181,400. In reviewing the accounts in 2025 after
Sunland Company reported net incomes for a three-year period as follows: 2022, $193,800; 2023, $198,200; 2024, $181,400. In reviewing the accounts in 2025 after the books for the prior year have been closed, you find that the following errors have been made in summarizing activities: 2022 2023 2024 Overstatement of ending inventory $42,500 $49,600 $32,000 Understatement of accrued advertising expense 7,200 11,900 6,500 (a) Determine corrected net incomes for 2022, 2023, and 2024. 2022 $ 2023 $ 2024 $ +A Corrected Net Income
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