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Homework: CH 5 HW Save 3 of 8 (2 complete) HW Score: 11.76%, 2 of 17 pts Score: 0 of 2 pts E5-36B (similar to) Question Help Hudson River Trucks reported sales revenue of $151,000 and cost of goods sold of $88,000. Requirements 1. Compute Hudson River Trucks' correct gross profit, assuming the company's ending Inventory is overstated by $1,200. Show your work 2. Compute Hudson River Trucks' correct gross profit, assuming the company's ending inventory is understated by $2,200. Show your work Requirement 1 and 2. Compute Hudson River Trucks' correct gross profit, assuming the company's ending inventory is overstated by $1.200. Compute Hudson River Trucks' correct gross profit, assuming the company's ending inventory is understated by 2.200. Show your work Cost of goods sold and Gross profit Corrected for the Error Ending inventory (1.) Overstated (2.) Understated by $1,200 by $2,200 As Reported Incorrect 151,000 88 000 Sales revenue Cost of goods sold Gross profit