Make the corrections to the chart with the new information discovered by making a new chart.

Problem #3 (20 points) Malce new chal, Halae ihre au all for sent a la Ina thiet Ridgefield Hardware Store prepared the following summary of cost of goods sold: Inventory 1/1 Purchases Goods available for sale Inventory 12/31 Cost of goods sold 2019 $40,000 50,000 90,000 18,000 $72,000 2020 $18,000 55.000 73.000 25.000 $48.000 2021 $25,000 70,000 95,000 40.000 $55.000 Upon analysis, the following items were discovered: 1. Purchases of $25,000 were not recorded in 2019 2. The 12/31/19 inventory should have been $24,000 3. The 2020 ending inventory included inventory costing $5,000 that was purchased FOB destination and in-transit at year-end. 4. The 2021 ending Inventory did not include goods costing $4,000 that were shipped on 12/29, FOB destination. The goods were still in-transit at 12/31/21