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Jaguar Tibe & Marble Corporation reported the following comparative income statements for the years ended September 30, 2018, and 2017 Click the icon to view
Jaguar Tibe & Marble Corporation reported the following comparative income statements for the years ended September 30, 2018, and 2017 Click the icon to view the comparative income statement Jaguar's resident and shareholders are thrilled by the company's boast in sales and net income during 2018. Then the accountants to the company discover that by Read the mourumun V Prepare the corrected comparative income statement for the 2 year period Jaguar Tile & Marble Corporation Income Statements (Corrected) Years Ended September 30, 2018 and 2017 2018 2017 Sales tevens Cost of goods sold Beginning inventory Not purchases Cost of goods available Ending inventory Cost of goods sold Gross profil Operating expenses Not income reale Clear All Check Answer Data Table Jaguar Tile & Marble Corporation Income Statements For the Years Ended September 30, 2018 and 2017 2018 2017 $ 143,000 $ 122,000 $ 16,500 79,000 $ 12,500 76,000 Sales revenue Cost of goods sold Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses 95,500 (18,000) 88,500 (16,500) 77.500 72,000 65,500 32,000 $ 33,500 50.000 22,000 $ Net income 28,000 Print Done Requirement 1. Prepare the corrected comparative income statements for the two-year period, complete with a heading for the statements. How well did Jaguar really perform in 2018 as compared with 2017
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