2018 2019 2020 2021 Net Sales $ 2,900,000 $ 3,300,000 $ 3,400,000 $ 3,900,000 Cost of Goods Sold 1,508,000 1,683,000 1,802,000 2,028,000 Gross Profit $ 1,392,000 $ 1,617,000 $ 1,598,000 $ 1,872,000 An audit revealed that in determining these amounts, the ending inventory for 2019 was overstated by $23,600. The inventory balance on December 31, 2020, was accurately stated. The company uses a periodic inventory system. Required: 1. Restate the partial income statements to reflect the correct amounts, after fixing the inventory error. 2-a. Compute the gross profit percentage for each year (a) before the correction and (b) after the correction. 2-b. Do the results lend confidence to your corrected amounts