Correcting net income relating to inventory

Kingston Company reported the following net income amounts:

In 2009, the company discovered errors that been made in computing the ending inventories for 2006 and 2007, as follows:

• 2006: Ending inventory understated by $4,000.
• 2007: Ending inventory understated by $8,000.

Compute the correct net incomes for (1) 2006, (2) 2007, and (3) 2008.

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