Question 5 [14 points] Ludwig Inc. reported the amounts shown below in its financial statements. In making the physical counts of inventory, the following errors were made: Inventory on December 31, 2014: overstated $27,000 Inventory on December 31, 2015: understated $43,000 Cost of Goods Sold Net income Total current assets Equity 2014 450,000 212,000 860,000 620,000 Financial Statements for Year Ended December 31, 2015 370,000 200,000 985,000 610,000 2016 435,000 195,000 975,000 495,000 Use this information to calculate the corrected amounts for each year and enter them in the table below: 2014 2015 2016 Cost of Goods Sold Net income Total current assets Equity