Pharoah Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Pharoah Company show the following data: 2024 2023 2022 Income statement: Sales $360,000 $335,000 $360,000 Cost of goods sold 255,000 241,000 276,000 Operating expenses 70,000 70,000 70,000 Balance sheet: Merchandise inventory 52,000 45,000 35,000 After its July 31, 2024, year end, Pharoah discovered two errors: 1. At July 31, 2023, Pharoah had $10,000 of goods held on consignment at another company that were not included in the physical count. 2. In July 2023, Pharoah recorded a $15,000 inventory purchase on account that should have been recorded in August 2023. (a) Prepare corrected income statements for Pharoah for the years ended July 31, 2022, 2023, and 2024.