In 2021, the controller of the Fleischman Wholesale Beverage Company discovered the following material errors related to the 2019 and 2020 financial statements:

1. Inventory at the end of 2019 was understated by $50,000.

2. Late in 2020, a $3,000 purchase was incorrectly recorded as a $33,000 purchase. The invoice has not yet been paid.

3. Inventory at the end of 2020 was overstated by $20,000.

The company uses a periodic inventory system.

It wont let me post the other one if you can please email me so I can send it really need the help thank you

Carloschacua143@gm***.com that's my email