The net income per books of Linda Patrick Company was determined without knowledge of the...
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Accounting
The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated below. Year Net Income per Books Error in Ending Inventory 2009 $69,100 Overstated $ 3,010 2010 71,430 Overstated 9,150 2011 73,910 Understated 11,650 2012 76,100 No error 2013 78,530 Understated 2,900 2014 80,560 Overstated 8,500 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors.
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