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

Year Net Income per Books Error in Ending Inventory 2012 $49,600 Overstated $ 2,960 2013 51,620 Overstated 9,840 2014 53,770 Understated 11,160 2015 55,650 No error 2016 57,720 Understated 2,100 2017 59,810 Overstated 8,420

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 2012 $49,600 $ $ $ $ $ 2013 51,620 2014 53,770 2015 55,650 2016 57,720 2017 59,810 $ $

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