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Sawyer Company Reported the Following Net Income Amounts: 2016, $82,000;

Question 38

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Sawyer Company reported the following net income amounts: 2016, $82,000; 2017, $50,000; and 2018, $40,000. In 2019, the company discovered errors that had been made in computing the ending inventories for 2016 and 2017, as follows:
Sawyer Company reported the following net income amounts: 2016, $82,000; 2017, $50,000; and 2018, $40,000. In 2019, the company discovered errors that had been made in computing the ending inventories for 2016 and 2017, as follows: Compute the correct net incomes for 2016, 2017, and 2018.
Compute the correct net incomes for 2016, 2017, and 2018.

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