The net income per books of Bright Star Co. was determined without any knowledge of the following errors. The 2016 year was Bright Stars first year in business. No dividends have been declared or paid.

Year	Net Income per Books	Error in Ending Inventory
2016	$110,100	Understated	$55,000
2017	104,000	Overstated	34,500
2018	107,500	Understated	11,000
2019	112,000	No error
2020	107,000	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