The income statement below is for $2020$ and $2021.$ Students must determine if the "EBIT" and "Net

Income" for $2020$ and $2021$ is correct. Review the Income Statement and determine if the NET

Income is correct for $2020$ and $2021.$

NET INCOME FOR $2020$ is correct $($True or False$)\_$Reminder if the answer is False, please provide the

correct Net Income.

NET INCOME for $2021$ is correct $($True or False$)\_$Reminder if the answer is False, please provide the

correct Net Income

Income Statement