Blossom Company reported these income statement data for a 2-year period. Sales revenue Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold Gross profit (a) - Sales revenue Cost of goods sold 2024 Beginning inventory $221,390 Cost of goods purchased 28,890 Cost of goods available for sale 174,990 203,880 Your answer is partially correct. 36,380 167,500 $53,890 Blossom Company uses a periodic inventory system. The inventories at January 1, 2024, and December 31, 2025, are correct. However, the ending inventory at December 31, 2024, is overstated by $8,580. 2025 $254,900 $ 36,380 186,300 Prepare correct income statement data for the 2 years. 222,680 53,280 169,400 $85,500 2024 221390 28890 174990 203880 i i i 2025 254900 36380 186300 i 222680 K

Blossom Company reported these income statement data for a 2 -year period Biossom Company uses a periodic imentory system. The inventories at January 1. 2024, and December 31, 2025, are correct. Hewever, the endine inventory at December 31.2024 , is overstated by $8.580. Prepare correct income statement data for the 2 years: Prepare correct income statement data for the 2 years. eTextbook and Media Attempts: 1 of 6 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above