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The net income per books of Karen White Company was determined without knowledge of the errors indicated below. Net Income per Books Error in Ending

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The net income per books of Karen White Company was determined without knowledge of the errors indicated below. Net Income per Books Error in Ending Inventory Year 2015 $46,300 Overstated $ 3,050 2016 48,350 Overstated 8,580 2017 50,250 Understated 11,080 2018 52,430 No error 2019 54,320 Understated 1,990 2020 56,180 Overstated 8,600 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. 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 Per Books Overstatement Jan. 1 Understatement Jan. 1 Overstatement Dec. 31 Year 2015 $46,300 $ $ $ 2016 48,350 2017 50,250 2018 52,430 2019 54,320 2020 56,180 $

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