Blossom Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Blossom Company show the following da 2021 2020 2019 Income statement: Sales Cost of goods sold Operating expenses Balance sheet: Merchandise inventory $340,000 238,000 70,000 $325,000 232,000 70.000 $340,000 256,000 70,000 52,000 43,000 35,000 After its July 31, 2021. year end, Blossom discovered two errors: 1. At July 31, 2020, Blossom had $10,000 of goods held on consignment at another company that were not included in the physical count 2. In July 2020. Blossom recorded a $15,000 inventory purchase on account that should have been recorded in August 2020. Prepare corrected income statements for Blossom for the years ended July 31, 2019 2020, and 2021 Prepare corrected income statements for Blossom for the years ended July 31, 2019,2020, and 2021 BLOSSOM COMPANY Income Statement Year Ended July 31 2021 2020 2019 Calculate the incorrect and correct Inventory turnover ratios for 2020 and 2021. (Round answers to 2 decimal ploos, 5275) 2020 2021 Incorrect Inventory turnover times times times Correct inventory turnover