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Favre Mustard Lte. reported the following comparative income statement for the years ended November 30, 2019, and 2020 (Click the icon to view the comparative income statement) Favre's shareholders are thrilled by the company's boost in sales and net income during 2020. Then they discover that the 2019 Requirement Prepare the corrected comparative income statements for the two-year period, complete with a heading for the statements How Data Table Favre Mustard Lte. Income Statement For the Years Ended November 30, 2020, and 2019 Prepare the corrected comparative income statement for the two-year period Favre Mustard Lte. Income Statement (Corrected) Years Ended November 30, 2020 and 2019 2020 2019 Sales revenue $ 192,000 $ 159,000 2020 2019 Cost of goods sold Beginning inventory $ 24,500 96,000 $ 17,000 88,000 Purchases Sales revenue Cost of goods sold Beginning inventory Goods available for sale 120 500 (20,500) 105,000 (24 500) Ending inventory Purchases 100,000 80.500 Goods available for sale Cost of goods sold Gros's profit Ending inventory 92,000 26,000 78,500 21,000 Operating expenses Cost of goods sold S 66,000 $ 57,500 Net income Gross profit Operating expenses Net income Print Done Check Answer CERTAIT Help Me Solve This Calculator Get More Help ENG 12C Light rain 01:36 PM 17-10-2021 Favre Mustard Lte. reported the following comparative income statement for the years ended November 30, 2019, and 2020 (Click the icon to view the comparative income statement) Favre's shareholders are thrilled by the company's boost in sales and net income during 2020. Then they discover that the 2019 Requirement Prepare the corrected comparative income statements for the two-year period, complete with a heading for the statements How Data Table Favre Mustard Lte. Income Statement For the Years Ended November 30, 2020, and 2019 Prepare the corrected comparative income statement for the two-year period Favre Mustard Lte. Income Statement (Corrected) Years Ended November 30, 2020 and 2019 2020 2019 Sales revenue $ 192,000 $ 159,000 2020 2019 Cost of goods sold Beginning inventory $ 24,500 96,000 $ 17,000 88,000 Purchases Sales revenue Cost of goods sold Beginning inventory Goods available for sale 120 500 (20,500) 105,000 (24 500) Ending inventory Purchases 100,000 80.500 Goods available for sale Cost of goods sold Gros's profit Ending inventory 92,000 26,000 78,500 21,000 Operating expenses Cost of goods sold S 66,000 $ 57,500 Net income Gross profit Operating expenses Net income Print Done Check Answer CERTAIT Help Me Solve This Calculator Get More Help ENG 12C Light rain 01:36 PM 17-10-2021