3. JELA CHA 201705 A Harrison Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Dec Llarrison Company show the following data: 500 Do yolaritor loosi 100 mm ta inventory e de inventoryt Income statement: (LO 4,6) Sales doodt Al- $350,000 $330,000 $310,000 Cost of goods sold od in 245,000 235,000 225,000 Operating expenses 76,000 76,000 76,000 Balance sheet: Merchandise inventory 55,000 45,000 35,000 After its July 31, 2017, year end, Harrison discovered two errors: 0 1. At July 31, 2016, Harrison had $10,000 of goods held on consignment at another company that were not included in the physical count. 2. In July 2016, Harrison recorded a $15,000 inventory purchase on account that should have been recorded in August 2016 Tolldolisvo bolo 1 do artists (6) Instructions into one an o s no rolovat bloa 5701 SAT vodi (d) (a) Prepare corrected income statements for Harrison for the years ended July 31, 2015, 2016, and 2017. (6) What is the impact of these errors on the owner's equity at July 31, 2017? S9 1203901 Snimas 10) Calculate the incorrect and correct inventory turnover ratios for 2016 and 2017. ngiswa bao sriu inos 22019 sluis (b)