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The accounting records of Waterville Home Store show these data (in millions): (Click the icon to view the income statements.) 2020 was understated by $4

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The accounting records of Waterville Home Store show these data (in millions): (Click the icon to view the income statements.) 2020 was understated by $4 million. The ending inventory at December 31, 2021, was correct. Read the requirements. Requirement 1. Show corrected income statements for each of the three years. (Enter all amounts in millio Requirements 1. Show corrected income statements for each of the three years. 2. How much did these assumed corrections add to or take away from Waterville's total net income over the three-year period? How did the corrections affect the trend of net income? 3. Will Waterville's shareholders still be happy with the company's trend of net income? Explain

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