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

Year		Net Income per Books		Error in Ending Inventory
2012		$48,500		Overstated		$ 3,150
2013		50,320		Overstated		8,920
2014		52,460		Understated		10,010
2015		54,580		No error
2016		56,500		Understated		2,070
2017		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
2012		$48,500		$		$		$		$		$
2013		50,320
2014		52,460
2015		54,580
2016		56,500
2017		58,650
		$										$