Eat Well Grocery reported the following comparative income statements for the years ended November 30, 2025 and 2024 Click the icon to view the comparative income statements) During 2025, Eat Well Grocery discovered that ending 2024 merchardine inventory was overstated by 52.000 Read the requirements. Requirement 1. Prepara corrected income statements for the two years Eat Well Grocery Income Statements Years Ended November 30, 2025 and 2024 2025 2024 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 Requirement 2. State whether each year's net income---before your comectional understated or overstated, and indicate the amount of the understatement or overstatement Year Net income prior to correction 2025 2024 HE Choose from any list or enter any number in the input fields and then continue to the next question rements 1. Prepare corrected income statements for the two years Eat Well Grocery Data Table 3 2024 $ 117.000 of oll Eat Well Grocery Income Statements Years Ended November 30, 2025 and 2024 2025 Net Sales Revenue $ 145,000 Cost of Goods Sold Beginning Merchandise Inventory $ 15,000 Plus: Net Cost of Inventory Purchased 79.000 Cost of Goods Available for Sale 94 000 Less: Ending Merchandise Inventory 21,000 73.000 Cost of Goods Sold Gross Profit 72,000 25,000 Operating penses S 47.000 Net Income $ 11,000 76,000 off 9 87.000 15.000 72.000 ent amd 45,000 22.000 Ye 20 S 23.000 20 Print Done mom any list or enter any number in the input fields and then continue to the next question T Later 86F Rain coming