The net income per books of Jacobs Allen Company was determined without knowledge of the errors indicated below.

Year		Net Income per Books				Error in Ending Inventory
2015			$48,500			Overstated		$ 3,150
2016			50,320			Overstated		8,920
2017			52,460			Understated		10,010
2018			54,580			No error
2019			56,500			Understated		2,070
2020			58,650			Overstated		7,360

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
Year		Net Income Per Books		Overstatement Jan. 1		Understatement Jan. 1		Overstatement Dec. 31		Understatement Dec. 31		Corrected Net Income
2015		$48,500		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
2016		50,320		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2017		52,460		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2018		54,580		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2019		56,500		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2020		58,650		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
		$enter a total amount										$enter a total amount