Novak Inc. reported the following partial statement of income data for the years ended December $31,2024$ and $2023$:

The company reported inventory in the statement of financial position at $$42,900,$$$53,400,$ and $$51,400$ at the end of $2022,2023,$

and $2024,$ respectively. The ending inventory amounts for $2022$ and $2024$ are correct. However, the company has understated the

ending inventory at December $31,2023,$ by $$8,432.$

$($a$)$

Prepare correct statements of income for $2023$ and $2024$ through to gross profit.

Cost of goods sold