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

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The net income per books of Karen White Company was determined without knowledge of the errors indicated below. Net Income Year per Books Error in Ending Inventory 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 Errors in Inventories Year Net Income Per Books Overstatement Jan. 1 Understatement Jan 1 Overstatement Dec 31 2015 346 300 2016 4350

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