The following information is presented for Swifty 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. Net Income Error in Ending Inventory Year per Books 2017 2018 2019 2020 2021 $177,000 86,000 124,000 234,000 96,000 Overstated $24,400 Overstated No error Understated Understated 18,000 34,500 6,900 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 Corrected Net Income Net Income Overstatement Understatement Overstatement Understatement Year Per Books 2017 2018 2019 2020 2021 Jan. 1 Jan. 1 Dec. 31 Dec. 31 $177,000 86,000 124,000 234,000 96,000