Bonita Watch Company reported the following income statement data for a 2-year period. 2022 2021 Sales revenue $275,000 $240,000 Cost of goods sold Beginning inventory 44,000 34,000 Cost of goods purchased 209,000 179,000 Cost of goods available for sale 253,000 213,000 Ending inventory 52,000 44,000 Cost of goods sold 201,000 169,000 Gross profit $74,000 $71,000 Bonita uses a periodic inventory system. The inventories at January 1, 2021, and December 31, 2022, are correct. However, the ending inventory at December 31, 2021, was overstated $6,000. (a) Prepare correct income statement data for the 2 years. Sales $ Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit 2022 $ $ $ 2021 This information is available for Sheridan's Photo Corporation for 2020, 2021, and 2022. 2020 2021 2022 Beginning inventory $111,000 $317,000 $410,000 Ending inventory 317,000 410,000 474,000 Cost of goods sold 898,800 1,272,250 1,303,900 Net sales revenue 1,200,000 1,817,500 1,917,500 (a) Calculate inventory turnover for 2020, 2021, and 2022. (Round answers to 2 decimal places, e.g. 1.52.) Inventory turnover 2020 2021 2022