Assignment Print Vi Hull Company reported the following income statement information for the current year Sales Cost of goods sold: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold s 413,000 $ 136,500 276,000 412,50o 265,50O $ 147,500 147,000 Gross profit The beginning inventory $23,000. Given this information, the correct gross profit would balance is correct. However, the ending inventory figure was overstated be: O $124,500. O $147,500 O $170,500 o $137,500. O $113,500