Current Attempt in Progress Splish Brothers Inc, reported these income statement data for a 2-year period. Splish Brothers inc, 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 , is overstated by $5,000. Current Attempt in Progress Splish Brothers Inc, reported these income statement data for a 2-year period. Splish Brothers inc, 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 , is overstated by $5,000