Earth Foods Grocery reported the following comparative income statements for the years ended April 30, 2019 and 2018 Click the icon to view the comparative income statements) During 2019, Earth Foods Grocery discovered that ending 2018 merchandise inventory was overstated by $2,000. Read the requirements. income statements Years Ended April 30, 2019 and 2018 2019 2018 Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Earth Foods Grocery reported the following comparative income statements for the years ended April 30, 2019 and 2018: (Click the icon to view the comparative income statements.) During 2019, Earth Foods Grocery discovered that ending 2018 merchandise inventory was overstated by $2,000. Read the requirements. Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Earth Foods Grocery reported the following comparative income statements for the years ended April 30, 2019 and 201 E! Click the icon to view the comparative income statements.) During 2019, Earth Foods Grocery discovered that ending 2018 merchandise inventory was overstated by $2,000. Read the requirements Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income Income Statements Years Ended April 30, 2019 and 2018 2019 2018 $ 135,000 $ 122,000 Sales Revenue Cost of Goods Sold $ 14,500 77,000 $ 10,000 71,000 Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale 91,500 17 500 81,000 14 500 Question Check AnswTE Print Done $ 14,500 77,000 $ 10,000 71,000 Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale 91,500 17,500 81,000 14,500 Less: Ending Merchandise Inventory 74,000 66,500 Cost of Goods Sold 55,500 20,000 Gross Profit 61,000 25,000 36,000 Operating Expenses 35,500 $ Net Income