ction 1 2000 A) Talal Company reported the following income statement information for 2018 and 2019 2018 2019 Sales 2000 4000 Cost of goods sold (COGS): Beginning inventory 500 600 Cost of goods Purchased 1100 1400 Cost of goods available for sale 1600 Ending inventory -600 -300 = Cost of goods sold (COGS) 1000 Gross Profit 1000 2300 1 For year 2018, the beginning inventory was overstated by $100 and the ending inventory was overstated by $200. 2. For year 2019, the ending inventory was understated by $200 Given this information, what are the correct gross profit figures for 2018 and 20192 1700 BI