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 7 ('11 Prepare a schedule that indicates both the original retained earnings balance reported at the end of each year and the corrected amount. Original Balance Rehined Corrected Revised Relained Year Net Income Earnings Net Income Earnings 2012 $50,300 $l $l $l 2013 54,300 I I I 2014 55,100 I I I 2015 53,000 I I I 2015 59,400 I I I 201:' 61,500 I I I $_I $l