Filleppe Tile & Marble Corporation reported the following comparative income statements for the years ended April 30, 2021, and 2020 (Click the icon to view the comparative income statement) Filleppe's president and shareholders are thrilled by the company's boost in sales and net income during 2021. Then the accountants for the company discover that ending 2020 inventory was understated by $6,500. Read the requirement Prepare the corrected comparative income statement for the 2-year period. Filleppe Tile & Marble Corporation Income Statements (Corrected) Years Ended April 30, 2021 and 2020 Sales revenue Cost of goods sold Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses Net income 2021 Data table Filleppe Tile & Marble Corporation Income Statements For the Years Ended April 30, 2021 and 2020 Sales revenue 2021 $136,000 2020 $122,000 2020 Cost of goods sold: Beginning inventory Net purchases $13,000 77,000 $ 10,500 75,000 Cost of goods available Ending inventory 90,000 (18,000) 85.500 (13,000) Cost of goods sold 72,000 72,500 Gross profit 64,000 49,500 32,000 21,000 Operating expenses $ 32,000 S 28,500 Net income Print Done