Please help me with question 1 and 2! Could you explain how you got the numbers also?

Earth Foods Grocery reported the following comparative income statements for the years ended June 30, 2017 and 2016 EE (Click the icon to view the comparative income statements.) During 2017. Earth Foods discovered that ending 2016 merchandise inventory was overstated by $1.000. Read the reguirements. Earth Foods Grocery Income Statements Requirements Years Ended June 30, 2017 and 2016 2017 2016 Sales Revenue 1. Prepare comected income statements for the two years. Cost of Goods Sold: 2. State whether each years net income before your corrections s understated or e overstated, and indicate the amount of the understatement or overstatement. Beginning Merchandise Inventory Net Purchases Print Done Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold