Cullumber Compary reported these income statement data for a 2-year period Cullumber Company uses a periodic inventory system. The inventories at January 1,2024, and December 31, 2025, are correct. Howtiver, the ending imventory at December 31;2024, is overstated by $7,920 2024 2025 Sales revenue Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods avallable for sale Less: Endinginventory Cost of goods sold Gross profit