The following information is presented for Flint Corporation. The net income figures were computed without knowledge of the errors in ending inventory. Assume that there was no error in the 2016 ending inventory. Year 2017 2018 2019 2020 2021 Net Income per Books $159,000 91,000 123,000 226,000 96,000 Error in Ending Inventory Overstated $24,800 Overstated 35,000 No error Understated 7,600 Understated 15,000 Prepare a worksheet to show the adjusted net income figure for each year from 2017 to 2021 after taking into account the inventory errors. Errors in Inventories Overstatement Understatement Overstatement Understatement Jan. 1 Jan. 1 Dec. 31 Dec. 31 Net Income Per Books Year corrected Net Income 2017 $159,000 2018 91,000 2019 123,000 2020 226,000 2021 96,000