Bonita Technologies Company reported the following income statement data for a 2-year period. 2022 Sales revenue $240,000 Cost of goods sold Beginning inventory 34,000 Cost of goods purchased 179,000 Cost of goods available for sale 213,000 Ending inventory 44,000 Cost of goods sold 169,000 Gross profit $71,000 Bonita uses a periodic inventory system. The inventories at January 1, 2022, and December 31, 2023, are correct. However, the ending inventory at December 31, 2022, was overstated $6,000.