Homework: Chapter 6 - Homework Save Score: 0 of 5 pts 4 of 4 (2 complete) HW Score: 29.76%, 5.95 of 20 pts Question Help E6-28A (similar to) European Tile & Marble Corporation reported the following comparative income statements for the years ended September 30, 2018, and 2017: (Click the icon to view the comparative income statement.) European'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 $6,500. Read the requirement. Prepare the corrected comparative income statement for the 2-year period. Data Table European Tile & Marble Corporation Income Statements (Corrected) Years Ended September 30, 2018 and 2017 2018 2017 European Tile & Marble Corporation Income Statements For the Years Ended September 30, 2018 and 2017 2018 2017 Sales revenue Cost of goods sold: Beginning entory Sales revenue $ 139,000 $ 116,000 Net purchases Cost of goods available $ $ 16,000 75,000 9,000 72,000 Ending inventory Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Cost of goods sold Gross profit 81.000 91,000 (16,500) (16,000) Operating expenses 74,500 65,000 Net income 64,500 29,000 51,000 26,000 Operating expenses 35,500 25,000 Enter any number in the edit fields and then click Check Answer. Net income ? 1 part Clea Print remaining Done Done neck