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Lisa Company reported these income statement data for a 2-year period. Sales Beginning inventory Cost of goods purchased Cost of goods available for sale 2022

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Lisa Company reported these income statement data for a 2-year period. Sales Beginning inventory Cost of goods purchased Cost of goods available for sale 2022 $220,000 35,200 177.760 212,960 44,000 168,960 2021 $184,800 26,400 152.240 178,640 35.200 Ending inventory 143,440 Cost of goods sold Gross profit $51,040 $41,360 Lisa uses a periodic inventory system. The Inventories at January 1, 2021 and December 31, 2022, are correct. However, the ending inventory overstated by $3.520. - Your answer is partially correct. Prepare correct Income statement data for the 2 years. 2021 2022 220000 184,800.00 Operating Expenses Sales - Beginning inventory 31680 26400 Cost of Goods Purchased 177760 152240 209440 44000 Cost of Goods Available for Sale $ Ending Inventory Cost of Goods Sold Gross Profit 165440 L 54560 37840 eTextbook and Media x Your answer is incorrect What is the cumulative effect of the inventory error on total poht for the 2 years of answer is rere please enter de or leave any Total grow profit for the two years 92400

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