I would love it If you could Complete all the Requirement for the requirements tab Thank You

P6-31A (similar to) Antique Carpets's books show the following data: B (Click the icon to view the income statements.) In early 2018. auditors found that the ending merchandise inventory for 2015 was understated by S4,000 and that the ending merchandise inventory for 2017 was overstated by $5.000. The ending merchandise inventory at December 31, 2016, was correct. Read the requirements. Requirement 1. Prepare corrected income statements for the three years. Requirements - X 2015 Antique Carpets Income Statement For the Years Ended December 31, 2017, 2016, and 2015 2017 2016 Ending Merchandise Inventory Overstated by $5,000 Correct Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Ending Merchandise Inventory Understated by $4,000 1. Prepare corrected income statements for the three years. 2. State whether each year's net income-before your correctionsis understated or overstated, and indicate the amount of the understatement or overstatement 3. Compute the inventory turnover and days' sales in inventory using the corrected income statement for the three years. (Round all numbers to two decimals.) Print Done Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income - X i Data Table 2016 2015 2017 $ 208,000 Net Sales Revenue S 165.000 S 171.000 $ $ 18,000 133.000 $ 21,000 107.000 38,000 95.000 Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses 151,000 28,000 128,000 18,000 133,000 21.000 123.000 110,000 112.000 85.000 58.000 55,000 25,000 50,000 21.000 S 29,000 S 30,000 S 38,000 Net Income Print Done Enter any number in the edit fields and then click Check