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please put in right format! thank you uuring 2025, Nature Foods Grocery discovered that ending 2024 merchandise inventory was overstated by $5,500. Read the requirements

please put in right format! thank you
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uuring 2025, Nature Foods Grocery discovered that ending 2024 merchandise inventory was overstated by $5,500. Read the requirements Requirement 1. Prepare corrected income statements for the two years. Nature Foods Grocery Income Statements Years Ended June 30, 2025 and 2024 2025 2024 Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income Data table Nature Foods Grocery Income Statements Years Ended June 30, 2025 and 2024 2025 2024 Net Sales Revenue Cost of Goods Sold: $ 134,000 $ 119,000 Beginning Merchandise Inventory $ 17,000 78,000 $ 14,000 67,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 95,000 18,000 81,000 17,000 Less: Ending Merchandise Inventory Cost of Goods Sold 77,000 64,000 Gross Profit 57,000 26,000 55,000 21,000 Operating Expenses Net Income $ 31,000 $ 34,000 Nature Foods Grocery reported the following comparative income statements for the years ended June 30, 2025 and 2024 (Click the icon to view the comparative income statements) During 2025, Nature Foods Grocery discovered that ending 2024 merchandise inventory was overstated by $5,500

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