1. Condensed income statements for a company for two years are shown below: 2020 2021 Sales $126,000 $105,000 Cost of Goods Sold 75,000 54.000 Gross Profit $51,000 $51,000 Operating Expenses 30,000 30,000 Net Income $21,000 $ 21,000 At the end of 2021, the company discovered that an error had resulted in a $3,000 overstatement of the 2020 ending inventory. What is the corrected net income for 2020 and 2021? O 2020 - $18,000 2021-$27,000 2020 - $18,000 2021-$24,000 2020-$24,000 2021 - $15,000 2020-$24,000 2021 - $18,000 O None of the above