Please fill in blank boxes

Cullumber Company reported these income statement data for a 2-year period.

		2024		2025
Sales revenue		$197,000		$245,900
Beginning inventory		30,650		39,250
Cost of goods purchased		185,110		207,730
Cost of goods available for sale		215,760		246,980
Less: Ending inventory		39,250		59,880
Cost of goods sold		176,510		187,100
Gross profit		$20,490		$58,800

Cullumber Company uses a periodic inventory system. The inventories at January 1, 2024, and December 31, 2025, are correct. However, the ending inventory at December 31, 2024, is overstated by $8,440.

Prepare correct income statement data for the 2 years.

Cullumber Company reported these income statement data for a 2-year period. Dronare rnorpert inenme atatempnt hata for the y vare