Carla Vista Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Carla Vista Company show the following data: 2021 2020 2019 Income statement: Sales Cost of goods sold Operating expenses Balance sheet: Merchandise inventory $340,000 236,000 78,000 $335,000 240,000 78,000 $350,000 264,000 78,000 55,000 46,000 35,000 After its July 31, 2021, year end, Carla Vista discovered two errors: 1. At July 31, 2020, Carla Vista had $10,000 of goods held on consignment at another company that were not included in the physical count. In July 2020, Carla Vista recorded a $15,000 inventory purchase on account that should have been recorded in August 2020. 2. Prepare corrected income statements for Carla Vista for the years ended July 31, 2019, 2020, and 2021. CARLA VISTA COMPANY Income Statement Year Ended July 31 2020 2021 2019 Sales $ 340000 $ 335000 3500 Cost of Goods Sold 236000 240000 264000 Gross Profit 104000 95000 860 Operating Expenses 78000 i 78000 i 78000 Profit/(Loss) $ 26000 $ 17000 $ 80 Calculate the incorrect and correct inventory turnover ratios for 2020 and 2021. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2021 Incorrect inventory turnover times times Correct inventory turnover times times