Your answer is partially correct. Try again. The net income per books of Laura Hall Company was determined without knowledge of the errors indicated below. Year 2015 2016 2017 2018 2019 2020 Net Income per Books $52,000 54,000 56,140 58,070 59,900 61,910 Error in Ending Inventory Overstated $ 3,020 Overstated 9,590 Understated 10,580 No error Understated 1,970 Overstated 8,490 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 Understatement Overstatement Jan. 1 Dec. 31 Understatement Dec. 31 Corrected Net Income Year 2015 Net Income Overstatement Per Books Jan. 1 $52,000 $U 54,000 3,020 56,140 $13,020 $ 48,980 747,430 2016 7-9,590 2017 19,590 10,590 76,320 2018 58,070 1-10,590 147,480 2019 59,900 61,910 1,970 2020 161,870) 151,450 F1,970 T-8,490) $1342020