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can you please answer the questions in order and make the chart simple and in order Giseppe Tile & Marble Corporation reported the following comparative
can you please answer the questions in order and make the chart simple and in order
Giseppe Tile & Marble Corporation reported the following comparative Income statements for the yewended September 30, 2018 and 2017: ITT (Ciok the icon to view the comparative income statement.) Giseppe's president and shareholders are thrilled by the company's boost in sales and neincome during 2018. Then the countants for the company have that ending 2017 inventory was understated by $9.500 Read the requirement Prepare the corrected comparative Income statement for the 2 year period Giseppe Tile & Marble Corporation Income Statements (Corrected) Years Ended September 30, 2018 and 2017 2018 2017 Sales revenue Cost of goods sold Beginning inventory Net purchases Cost of goods available Ending inventory Q i Data Table el nel Giseppe Tile & Marble Corporation Income Statements For the Years Ended September 30, 2018 and 2017 2018 2017 Sales revenue $ 139,000 $ 124,000 Cost of goods sold: Beginning inventory $ 19,000 73,000 $ 13,500 72,000 Net purchases Cost of goods available 92.000 (20,000) 85,500 (19,000) 72,000 66,500 Ending inventory Cost of goods sold Gross profit Operating expenses 67,000 27,000 57,500 23,000 Net income $ 40,000 $ 34,500 Print Done Geppe Ti & Martile Corporation reported the following comparative Income statements for the years onded September 30, 2018 and 2017 Click the icon to view the comparative Income statement) Geppe's president and shareholders willed by the company's boost in sales and encome during 2018. Then the accounts for the company discover that ending 2017 inventory was underwated by 9.500 Read the requirement Tears now moru, 2010 2017 Requirement Sales revenue Cost of goods sold Beginning inventory 1. Prepare the corrected comparative Income statements for the two-year period, Nel purchases complete with a heading for the statements. How will did iseppe really perform in 2018 as compared with 2017? Cost of goods available Ending inventory Print Done Cost of goods sold Gross profit Operating expenses Not income Step by Step Solution
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