Great Foods Grocery reported the following comparative income statements for the years ended November 30,2025 and 2024 EE (Click the icon to view the comparative income statements) During 2025, Great Foods Grocery discovered that ending 2024 merchandise inventory was overstated by $2,500. Read the requirements. Data table Requirement 1. Prepare corrected income statements for the two years. Requirements 1. Prepare corrected income statements for the two years 2. State whether each year's net income - before your corrections - is understated or overstated, and indicate the amount of the understatement or overstatement