Data Table Evergreen Carper's books show the following dana Ce the love the income statements) In early 2020, autors found that the ending and for 2017 was understated 209 2017 $ 200.000 Read the rest Requirement 1. Prepare corrected income w e nt for the three years Evergreen Carpets Income Statement Decorar 31, 2013 2013 and 2017 Cast of Goods Sold Beginning Merchandise inventory Net Couto Puch Cost of God for Sale Lang Merry Cost of Goods Sold 20.000 For the Ending Merchandise Inventory Overed Operating Done Net Sales Revenue Code Deng Mandiner CP Cost of oos vaator Loss Enong Merchandise Code Pro Choose from any number in d then continue to the Data Table Evergreen Ca b os show the following data in early 2020, to found that the ending merchandise for 2017 was understand by and at the Read the one Cost of Good Is Lasing Requirement Computertarytum verand Setelabes and the amounts to compute e ring the comedicamento r y tumover for each year Round your de 2018 Chcem y number in t he continue to the This Question: 20 pts Evergreen Carpet's books show the following data C on to wow he come starts in early 2020, au found that the endog merchandise inventory for 2017 was understand by $4.000 and at the ending merchandise inventory for 2019 was overed by $5.000. The ending merchandw ertory at December 31, 2018 Read the regirements 5 of 10 (4 Complete tory for 2017 was understated by $4,000 and that the ending merchandise inventory for 2019 was overstated by $5,000 ) Data Table 2019 2018 2017 $ $ 205,000 $ 160,000 167,000 $ $ $ 18,000 133,000 37,000 95,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income 25,000 109,000 134,000 18,000 151,000 200000 132,000 25,000 122.000 116.000 107.000 84,000 58,000 44.000 15,000 60,000 27,000 $ 26.000 29.000 33,000 Print Done put fields and then continue to the next question. MacBook Pro on Evergreen Carpets's books show the following data. Click the icon to view the income statements.) In early 2020, auditors found that the ending merchandise inventory for 2017 was understated by $4,000 and that the ending merchandise inventory was correct Read the requirements Requirement 1. Prepare corrected income statements for the three years. 2017 Ending Merchandise Inventory Understated by $4,000 Evergreen Carpets Income Statement For the Years Ended December 31, 2019, 2018, and 2017 2019 2018 Ending Merchandise Inventory Overstated by $5,000 Correct Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Choose from any list or enter any number in the input fields and then continue to the next question. Evergreen Carpets's books show the following data Click the icon to view the income statements.) In early 2020, auditors found that the ending merchandise inventory for 2017 was understated by $4,000 and that the ending merchandise inventory for 2019 was overstated by $5,000 was correct Read the requirements Requirement 2. State whether each year's net income before your corrections understated or overstated, and indicate the amount of the understatement or overstatement Year: Prior to correction net income was 2019 2018 Requirement 3. Compute the inventory tumover and days' sales in inventory using the corrected income statement for the three years. (Round all numbers to two decimals.) Select the labels and enter the amounts to compute inventory turnover for each year, (Round your answers to two decimal places, X.XX.) - Inventory turnover 2019 2018 times 2017 times Now select the labels and enter the amounts to compute days' sales in inventory for each year. (Enverall amounts to wo decimal places. XXX) - 2019 2018 2017 Days' sales in inventory days days days Choose from any list or enter any number in the input fields and then continue to the next