European Tile & Marble Corporation reported the following comparative Income statements for the years ended Apel 30, 2018 and 2017: (Cick the icon to view the comparative Income statement) Europear's president and shareholders are briled by the company's boost in sales and net income during 2018. Then the accountants for the company discover that ending 2017 nentory was understand by $6.000 Read the requirement Prepare the corrected compartive come statement for the 2-year period European Tile & Marble Corporation Income Statements Corrected) Years Ended April 30, 2018 and 2017 2018 2017 Sales en Cost of goods sold Beginning inventory Not purchases Cet of goods av Ending my Cost of goods Cros profit Operating expers Netcome MITO ok nde orted the following comparative income statements for the years ended April 30, 2018, and 2017: arative Income statement) are thrilled by the company's boost in sa Data table tory was understated by $9.500 - X ncome statement for the 2-year period Giselle Tile & Marble Corporation Income Statements For the Years Ended April 30, 2018 and 2017 2018 2017 Siselle Tile & Marble Corporation Income Statements (Corrected) mars Ended April 30, 2018 and 2017 2018 $ 141,000 $ 124,000 $ 18,000 72,000 $ 13,000 88,000 Sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses 90,000 (17,500) 81,000 (18,000) 72,500 63,000 88,500 23,000 61,000 20,000 $ 45,500 $ Not income 41.000 Print Done