The net income per books of Elizabeth Brown Company was determined without knowledge of the errors indicated below. Error in Ending Inventory Net Income Year per Books 2015 $49600 $2960 Overstated 9840 2016 S1620 Overstated 2017 53770 Understated 11160 2018 55650 No error 2019 57720 Understated 2100 59810 2020 Overstated 8420 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Errors in Inventories Net Income Overstatement Understatement Overstatement Understatement Year Per Books Jan. 1 Jan. 1 Dec. 31 Dec. 31 $49600 $ 2015 $ 51620 2016 2017 53770 2018 55650 2019 57720 55650 No error 2018 Understated 2019 57720 2100 2020 59810 Overstated 8420 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Errors in Inventories Understatement Net Income Per Books Overstatement Overstatement Understatement Dec. 31 Dec. 31 Jan. 1 Jan. 1 Year $49600 $ 2015 2016 51620 53770 2017 55650 2018 57720 2019 59810 2020 2018 55650 No error 2019 57720 Understated 2100 2020 59810 Overstated 8420 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Errors in Inventories e Overstatement Understatement Overstatement Understatement Dec. 31 Corrected Net Jan. 1 Jan. 1 Dec. 31 Income $49600 $ $ 51620 53770 55650 57720 59810