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Points: 0 of 2 Giele Tile & Marble Corporation reported the following comparative become statement for the years ended Act 30, 2021, and 2020 Click

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Points: 0 of 2 Giele Tile & Marble Corporation reported the following comparative become statement for the years ended Act 30, 2021, and 2020 Click the icon to view the compare come statement) Gole's president and shareholders are thrilled by the company's boost in sales and net income during 2001. Then the accountants for the company discover that ending 2020 inventory was understated by 36.000 Read the Prepare the core comparative income talement for the year period Giselle Tile Marble Corporation Income Statements Corrected Year Ended April 30, 2021 and 2020 2021 20.30 Co good so Beginning way Nel the Cost of the Ending story Costoso TITI Open penses Giselle Tile & Marble Corporation Income Statements For the Years Ended April 30, 2021 and 2020 2021 2020 Sales revenue $ 145,000 $ 118,000 Cost of goods sold: Beginning inventory $ 19,000 77,000 $ 14,000 71,000 Net purchases Cost of goods available 96,000 (17,000) 85,000 (19,000) Ending inventory Cost of goods sold 79,000 66,000 Gross profit 66,000 24,000 52,000 21,000 Operating expenses $ 42,000 S 31,000 Net income Print Done

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