Merchandise inventory was reported in the current financial position at dollar 45, 170, dollar 52, 820, and dollar 49, 190 at the end of 2013, 2014, and 2015, respectively, The ending inventory amounts for 2013 and 2015 are correct. However, the ending inventory at December 31, 2014, Is understated by dollar 9, 887. Prepare correct income statements for 2014 and 2015 through to gross profit. What is the cumulative effect of the Inventory error on total gross profit for these two years? Cumulative effect of the inventory error on total gross profit Calculate the gross profit margin for each of these two years, before and after the correction