Natural Bite Grocery reported the following comparative income statements for the years ended April 30, 2025 and 2024 Click the icon to view the comparative Income statements.) During 2025, Natural Bite Grocery discovered that ending 2024 merchandise inventory was overstated by S4,500. Read the requirements Data Requirement 1. Prepare corrected income statements for the two years. Natural Bite Grocery Income Statements Years Ended April 30, 2025 and 2024 2025 2024 Sales Revenue Cost of Goods Sold: Not Cost e Beginning Merchandise Inventory Not Cost of Purchases Cont of Goods Avallable for Sale Lond: Ending Merchandise Inventory Cost of Goods Sold Gross Profit P c L Operating Expenses Gros Not income Opor Data table Natural Bito Grocery Income Statements Years Ended April 30, 2025 and 2024 2025 2024 $ 145,000 $ 118,000 Not Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory $ 15,000 69,000 $ 10,500 68,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 84,000 16,000 78,500 15,000 68,000 63,500 Loss: Ending Merchandise Inventory Cost of Goods Sold Gross Profit 77.000 31,000 54,500 23,000 Operating Expenses $ 46,000 $ 31,500 Not Income