Klinger Tile & Marble Corporation reported the following comparative income statements for the years ended April 30, 2018 and 2017 (Click the icon to view the comparative income statement.) Klinger's president and shareholders are thrilled by the company's boost in sales and net income during 2018 Then the accountants for the company discover that ending 2017 inventory was understated by $8,000 Read the requirement Klinger Tile & Marble Corporation Income Statements (Corrected) Years Ended April 30, 2018 and 2017 2018 2017 Salos revenue Cost of goods sold Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses Net income i Data Table X hr Klinger Tile & Marble Corporation Income Statements For the Years Ended April 30, 2018 and 2017 2018 2017 Sales revenue $ 144,000 $ 121,000 Cost of goods sold: Beginning inventory $ 17,000 74,000 $ 10,500 67,000 Net purchases Cost of goods available 91,000 (19,000) 77,500 (17,000) Ending inventory Cost of goods sold Gross profit 72,000 60,500 72,000 27,000 Operating expenses 60,500 25,000 Net income $ 45,000 $ 35,500 Print Done How well did Klinger really perform in 2018, as compared with 2017? Klinger actually performed $ in 2018 in 2018, compared to 2017, with net income from $ in 2017 to