Question Help Filleppe Tile & Marble Corporation reported the following comparative income statements for the years ended April 30, 2018 and 2017: (Click the icon to view the comparative income statement) Filleppe's president and shareholders are thrilled by the company's boost in sales and net income during 2018. Then the accountants for the company discover that ending 2017 inventory was understated by $9.500 Read the requirement Prepare the corrected comparative income statement for the 2-year period. Filleppe Tile & Marble Corporation Income Statements (Corrected Years Ended April 30, 2018 and 2017 2018 2017 Sales revenue Cost of goods sold Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses Net income 0 Data Table Filleppe Tile & Marble Corporation Income Statements For the Years Ended April 30, 2018 and 2017 2018 2017 $ 143,000 $ 16,000 $ 17,000 79.000 Sales revenue Cost of goods sold Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses $ 13,500 76,000 89,500 (17.000) 96.000 (21,000) 72,500 75.000 68,000 27.000 43,500 21.000 22,500 $ 41,000 $ Net income Print Done Score: 0 of 4 pts 9 of 10 (8 complete) HW Score: 55.55%, 13.89 of 25 pts E6-28A (similar to) Question Help Filleppe Tile & Marble Corporation reported the following comparative income statements for the years ended April 30, 2018, and 2017: (Click the icon to view the comparative income statement.) Filleppe's president and shareholders are thrilled by the company's boost in sales and net income during 2018. Then the accountants for the company discover that ending 2017 inventory was understated by $9,500. Read the requirement Prepare the corrected comparative income statement for the 2-year period. Filleppe Tile & Marble Corporation Income Statements (Corrected) Years Ended April 30, 2018 and 2017 2018 2017 Sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit Operating expenses Net income Requirement 1. Prepare the corrected comparative income statements for the two-year period. complete with a heading for the statements. How well did Fileppe really perform in 2018 as compared with 2017? Print Done