all the requirements in the same picture

EF6-24 (similar to) Data Table X Natural Bite Grocery reported the following comparative income statements for the years ended April 30, 2025 and 2024. BEB (Click the icon to view the comparative income statements.) During 2025, Natural Bite Grocery discovered that ending 2024 merchandise inventory was overstated by $4.090 Natural Bite Grocery Read the requirements. Income Statements Requirement 1. Prepare corrected income statements for the two years Years Ended April 30, 2025 and 2024 2025 2024 Natural Bite Grocery Net Sales Revenue $ 140.000 123.000 Income Statements Cost of Goods Sold: Years Ended April 30, 2025 and 2024 Beginning Merchandise Inventory $ 16.500 $ 13,500 2025 2024 Plus: Net Cost of Inventory Purchased 79,000 76.000 Sales Revenue Cost of Goods Available for Sale 95.500 89.500 Cost of Goods Sold: Beginning Merchandise Inventory Less: Ending Merchandise Inventory 20.000 16.500 Cost of Goods Sold 75,500 73,000 Net Cost of Purchases Cost of Goods Available for Sale Gross Profit 64,500 50.000 30,000 Less: Ending Merchandise Inventory Operating Expenses 25.000 Net Income $ 34.500 25,000 Cost of Goods Sold Gross Profit Operating Expenses Requirements X Net Income Prepare corrected income statements for the two years. State whether each year's net income-before your corrections-is understated or overstated, and indicate the amount of the understatement or overstatement. nter any number in the edit fields and then click Check Answer. Print Done k