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Empire State Carpets' books show the following data (Click the icon to view the income statements) In early 2026, auditors found that the ending

Empire State Carpets' books show the following data (Click the icon to view the income statements) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated by $8,000 and that the ending merchandise inventory for 2025 was overstated by $9,000. The ending merchandise inventory at December 31, 2024, was correct. Read the requirements Requirement 1. Prepare corrected income statements for the three years Empire State Carpets Income Statement For the Years Ended December 31, 2025, 2024, and 2023 Net Sales Revenue 2025 Ending Merchandise Inventory Overstated by $9,000 2024 Correct 2023 Ending Merchandise Inventory Understated by $8,000

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