The Store reported the following amounts on their financial statements for Year 1, Year 2, and Year 3:

For the year ended December 31
	Year 1	Year 2	Year 3
Cost of goods sold	$ 75,000	$ 87,000	$ 77,000
Net income	22,000	25,000	21,000
Total current assets	155,000	165,000	110,000
Equity	287,000	295,000	304,000

It was discovered early in Year 4 that the ending inventory on December 31, Year 1 was overstated by $6,000, and the ending inventory on December 31, Year 2 was understated by $2,500. The ending inventory on December 31, Year 3 was correct. Ignoring income taxes determine the correct amounts of cost of goods sold, net income, total current assets, and equity for each of the years Year 1, Year 2, and Year 3.