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Carla Vista Company reported these income statement data for a 2-year period. Carla Vista Company uses a periodic inventory system. The inventories at January 1.

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Carla Vista Company reported these income statement data for a 2-year period. Carla Vista 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 $7,850. Prepare correct income statement data for the 2 years

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