Big Blue Te & Marble Corporation reported the following comparative Income statements for the years ended April 30, 2018, and 2017: Click the icon to view the comparative income statement.) Big Blue's president and shareholders are thrilled by the company's boost in sales and net income during 2018. Then the accountants for the company discover that ending 2017 inventory was understated by $7,000 Read the requirement Prepare the corrected comparative income statement for the 2-year period. Big Blue Tile & Marble Corporation Income Statements (Corrected) Years Ended April 30, 2018 and 2017 2018 2017 Sales revenue Cost of goods sold Beginning inventory Not purchases Cost of goods available Ending inventory Cost of goods sold Gross proti Operating expenses Not income Requirement 1. Prepare the corrected comparative income statements for the two-year period, complete with a heading for the statements. How well did Big Blue really perform in 2018 as compared with 2017? Data Table Big Blue Tile & Marble Corporation Income Statements For the Years Ended April 30, 2018 and 2017 2018 2017 Sales revenue $ 145,000 $ 120,000 Cost of goods sold: Beginning inventory $ $ 17,000 79,000 9,500 75,000 Net purchases Cost of goods available 96,000 (17,500) 84,500 (17,000) Ending inventory 78,500 67,500 Cost of goods sold Gross profit 66,500 28,000 52,500 19,000 Operating expenses $ 38,500 $ 33,500 Net income