The net income per books of Bright Star Co. was determined without any knowledge of the following errors. The 2016 year was Bright Star's first year in business. No dividends have been declared or paid. Net Income Year per Books 2016 $110,100 2017 104,000 2018 107,500 2019 112,000 2020 107,000 Error in Ending Inventory Understated $57,000 Overstated 34,500 Understated 12,000 No error Overstated 25,500 Instructions: Complete the chart below to show the adjusted net income figure for each of the five years after taking the inventory corrections into account. Year Net Income per Books Over- statement Jan. 1 Under- statement Jan. 1 Over- statement Dec. 31 Under- statement Dec. 31 Corrected Net Income 2016 110,100 2017 104,000 2018 107,500 2019 112,000 2020 107,000