Accounting Help! Income Statement

Waterlily Carpets's looks shaw the following data: iClick the icon to view the income statements.) In early2018. a found that the ending merchandise inventory for 2015 was unders ated by $B,000 and that the ending merchandise inventory for 2017 was m erstated by The ng merchandise invent at December 31,2016, was camact $9000 Read the requirements Waterlily Carpets Income statement For the Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Ending Merchandise Ending Merchandise Inventory overstated Inventory Understated by $9,000 Correc by $8,000 Net Sales Revenue Cost Goods Sold Beginnng Merchandise In ermry Net Cost Purchases Custo Guuds Availa le ur Sale Less ng Merchandise nventory Cost of Goods Snld Gross Profit Cuerating Expenses et In