Data Table 2024 2023 2025 $ 207,000 Net Sales Revenue $ 165,000 $ 171,000 Cost of Goods Sold: $ 21.000 $ 28,000 $ 44,000 94,000 133,000 102,000 154,000 130,000 21,000 138,000 28,000 30,000 Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses 124,000 109,000 110,000 83,000 56,000 56,000 26,000 61,000 23,000 $ 27,000 $ 30,000 $ 38,000 Net Income sel Print Done Abon Wyby now 2023 Ending Merchandise Inventory Understated by $4,000 167,000 Antique Carpets Income Statement For the Years Ended December 31, 2025, 2024, and 2023 2025 2024 Ending Merchandise Inventory Overstated by $5,000 Correct Net Sales Revenue 207.000 165,000 Cost of Goods Sold: Beginning Merchandise Inventory 21,000 28,000 Plus: Net Cost of Inventory Purchased 133,000 102,000 Cost of Goods Available for Sale 154,000 130,000 Less: Ending Merchandise Inventory 30,000 21,000 Cost of Goods Sold 124,000 109,000 Gross Profit 83,000 56,000 Operating Expenses 56,000 26,000 27 000 30.000 44,000 94,000 138,000 28,000 110,000 61,000 23,000 38 000 Requirement 2. Sure whether each year's net income before your correction--s understated or overstated, and indicate the amount of the understatement or overstatement You Prior to correction et income was 2025 vested by 3.000 2024 Overstated by 2003 understandby Requirements. Compute the inventory tumover and day sales inventory using the connected income statement for the tree years (Round all numbers to decimal Select the labels and enter the amounts to compute inventory tumover for each year. (Round your answers to the capaces Xx 365 days Inventore times 2024 mes 2023 imes Now select the bes and enter the amounts to compute day sales inventory for each year. Enter amounts to two decimal places XXX 305 Days inventory 2025 days 2024 2003 daus Choose from any store any number the input folds and then continue to the next