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Question 4 (10 marks) Misstep Company has great expertise in some areas, but counting is not one of them. Since 2017 they have been miscounting ending inventory and applying FIFO incorrectly. Their new accountant has just discovered the errors. The records and uncorrected errors since 2017, their first year in business, are: Year Net Income Ending Inventory error Amount Over/understated 2017 $80,000 Overstated $7,000 2018 84,000 Overstated 9,000 2019 88,000 Understated 3,000 2020 90,000 Understated 4,000 Required A. Prepare a worksheet that shows the correct net income for each year. Indicate each change and if it is added or deducted. Part marks are based on each correct addition or subtraction. (5 marks) B. Prepare a schedule that shows the correct ending retained earnings for each year