2025 2024 2023 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale $203,000 $ 162,000 $ 174,000 $ 23,000 $ 29,000 $ 48,000 130,000 100,000 90,000 153,000 129,000 138,000 Less: Ending Merchandise Inventory 34,000 23,000 29,000 Cost of Goods Sold 119,000 106,000 109,000 Gross Profit Operating Expenses Net Income 84,000 56,000 65,000 57,000 26,000 33,000 27,000 30,000 32,000 Print Done - X Was Overstated by $5,000. The