in vi 14. The following table shows two-year period (2016 and 2017) Correct Income Statement Company 2016 100,000 201 Revenue COGS 100,000 Beginning inventory Purchased Goods available for sale Less: Ending inventory Cost of Goods Sold 25,000 45,000 70,000 30,000 40,000 60,000 40,000 20,00o 30,000 60,000 90,000 40,000 50,000 50,000 40,000 10,000 Gross profit Operating Expenses Net income