Crane Watch Company reported the following income statement data for a 2-year period. 2022 2021 $250,000 $200,000 Sales revenue Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale 40,000 25,000 202.000 170,000 242.000 195,000 Ending inventory 45,000 40,000 Cost of goods sold 197,000 155,000 $45.000 Gross profit $53,000 Crane 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 $4,000, Prepare correct income statement data for the 2 years. 2022 2021 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 $ $