Filleppe Tile & Marble Corporation reported the following comparative income statements for the years ended June 30, 2018, and 2017: (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 2018. Then the accountants for the company discover that ending 2017 inventory was understated by $9,500. Read the requirement. Data Table Prepare the corrected comparative income statement for the 2-year period. Filleppe Tile & Marble Corporation Income Statements (Corrected) Years Ended June 30, 2018 and 2017 , 2018 Filleppe Tile & Marble Corporation Income Statements For the Years Ended June 30, 2018 and 2017 2018 2017 2017 Sales revenue $ 137.000 $ 120,000 Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory $ 18,000 79,000 $ 11,000 73,000 Sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses Net income 97,000 (21,000) 84.000 (18.000) 76,000 66,000 Cost of goods sold Gross profit Operating expenses 61,000 22,000 54,000 21,000 Net income $ 39,000 $ 33,000 Print Done Done