In early 2021, a potential investor's auditors discovered that the ending inventory of 2018 had been overstated by S9 thousand. Also, the ending inventory for 2020 had been understated by $11 thousand The ending inventory at December 31, 2018, was correct Required 1. Show corrected comparative income statements for the three years 2. Stute whether each year's net income as reported here and the related owner's equity amounts are understated or overstated. For each incorrect figure, indicate the amount of the understatement or overstatement Income Statements - X 2020 2010 2019 $ $ 322 249 $ 222 51 $ $ 43 117 150 72 110 Net sales revenue Cost of goods sold: Beginning inventory Not purchases Cost of goods available for sale Low Ending inventory Cost of goods sold Gross margin Operating expenses 160 201 62 182 43 130 109 139 183 107 140 74 83 38 Not income S 70 08