The net income per books of Bridgeport Industries Limited was determined without any knowledge of the following errors. The 2012 year was Bridgeport's first year in business. No dividends have been declared or paid.

Exercise 8-10 (Part Level Submission) The net income per books of Bridgeport Industries Limited was deten'nined without any knowledge of the following errors. The 2012 year was Bridgeport's first year in business. No dividends have been declared or paid. Year 2012 2013 2014 2015 2016 2017 Net Income per Books $50,300 54,300 56,100 58,000 59,400 61,500 Error in Ending Inventory Overstated $4,100 Overstated 9,000 understated 11,000 N 0 e rror understated 1,700 Overstated 10,000 v in) Your answer is partially correct. Try again. Prepare a Iwork sheet to Show the adjusted net income gure for each of the six years after taking the inventoryr corrections into aocoun Errors in Inventories Net Income Over Under Over Under Corrected Year Per Books statement Jan. 1 statement Jan. 1 statement Dec. 31 statement Dec. 31 Net Income 2012 $50,300 2013 5300 2014 55,100 2015 55,000 2015 59A00 201? ELEDD . 33920