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Healthy Bite Grocery reported the following comparative income statements for the years ended November 30,2025 and 2024 Eit (Click the icon to view the comparative

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Healthy Bite Grocery reported the following comparative income statements for the years ended November 30,2025 and 2024 Eit (Click the icon to view the comparative income statements) During 2025, Healthy Bite Grocery discovered that ending 2024 merchandise inventory was overstated by $4,800. Read the requirements. Requirement 1. Prepare corrected income statements for the two years. Requirement 2. State whether each years net income-belove your conections -is understated or overstated, and indicate the amount of the understatensent or overstatement \begin{tabular}{|c|c|} \hline Yesr & Net income prior to correction \\ \hline 2025 & \\ \hline 2024 & \\ \hline \end{tabular}

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