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Mystic Tile & Marble Corporation reported the following comparative income statements for the years ended November 30,2021, and 2020 (Click the icon to view the

Mystic Tile \& Marble Corporation reported the following comparative income statements for the years ended November 30,2021, and 2020 (Click the icon to view the comparative income statement.) Mystic's president and shareholders are thrilled by the company's boost in sales and net income during 2021 . Then the accountants for the company discover that ending 2020 inventory was understated by $9,500. Read the requirement. Data table

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