Crane Company reported these income statement data for a 2-year period. 2024 2025 Sales revenue $207,690 $231,700 Beginning inventory 34,150 42,250 Cost of goods purchased 174,570 209,060 Cost of goods available for sale 208,720 251,310 Less: Ending inventory 42,250 53,560 Cost of goods sold 166,470 197,750 Gross profit $41,220 $33,950 Crane 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 $8,580. (a) Prepare correct income statement data for the 2 years. 2024 2025