Question 14 View Policies Current Attempt in Progress The net income per books of Linda Williams Company was determined without knowledge of the errors indicated below. Error in Ending Inventory Net Income Year per Books 2015 $54.500 2016 56,470 2017 58.270 2018 60.150 2019 62.210 2020 64,350 Overstated $3.120 Overstated 8.670 Understated 10.790 No error Understated 1.940 Overstated 8.030 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors Net Income Per Books Overstatement Jan. 1 Errors in Inventories Understatement Overstatement Jan. 1 Dec 31 Understatement Dec. 31 Corrected Net Income Year $ $ $ $ 2015 2016 2017 2018 2019 2020 $54,500 $ 56,470 58.270 60.150 62.210 64,350 $ si e Textbook and Media