Goddard Pty Ltd reported the following statement of profit or loss data for a 2-year period. 2015 $ 2016 $ Sales 427,400 470,700 62,600 75,100 Beginning inventory Cost of goods purchased 370,600 365,600 Cost of goods available for sale 433,200 440,700 Ending inventory 75,100 108,100 Cost of sales 358,100 332,600 Gross profit 69,300 138,100 Goddard Pty Ltd uses a periodic inventory system. The inventories at 1 July 2014 and 30 June 2016 are correct. However, the ending inventory at 30 June 2015 is overstated by $11,200. Required Prepare correct statements of profit or loss data for the 2 years. Prepare correct statements of profit or loss data for the 2 years. Goddard Pty Ltd 2016 2015 $ $ Beginning inventory Cost of goods available for sale Cost of goods purchased Cost of sales Ending inventory Gross profit Sales