I need assistance run solving the problems for the answers that I have gotten incorrect noted by the red x. I need step by step solutions. chapter 5 # 10

Chapter 5 Question 10 Uncle Bill was concerned about the operating results for 2020 and asked his recently hired accountant, "If sales increased in 2020, why was net income less than half of what it was in 2019?" In February of 2021, Uncle Bill got his answer. "The ending inventory reported in 2019 was overstated by $25,850 for merchandise that we were holding on consignment on behalf of Kirk's Servistar We still keep some of their appliances in stock, but the value of these items was not included in the 2020 inventory count because we don't own them." Required: a. Recast the 2019 and 2020 income statements to take into account the correction of the 2019 ending Inventory error. Answer is complete but not entirely correct. 2020 2019 Sales S 595 320 5 575 960 Cost of goods sold 470 910 422.290 Gross profit S 124 410 3 5 153 670 Operating expenses 114 070 104 170 Net income (ignoring income taxes) 10 340 3 5 49.500 b-1. Calculate the combined net income for 2019 and 2020 before and after the correction of the error. x Answer is complete but not entirely correct. Combined Net Income Total 2020 2019 Before correction of error $ 171 540 5 36 190 5 75 350 After correction of error 59 840 x 10 340 X 49 500