Required information The following information applies to the questions displayed below.) Over a four-year period, Jackie Corporation reported the following series of gross profits. 2018 2019 2020 2021 Net sales $49,000 $55,000 $63,000 $79,000 Cost of goods sold 24,300 38,300 20,300 40,300 Gross profit $24,700 $16,700 $42,700 $38,700 In 2021, the company performed a comprehensive review of its inventory accounting procedures. Based on this review, company records reveal that ending inventory was understated by $9,350 in 2019. Inventory in all other years is correct. Required: 1. Calculate the gross profit ratio for each of the four years based on amounts originally reported. (Round your answers to the nearest whole percent.) 2018 2019 2020 Gross Profit Ratio % % % % 2021 2. Calculate the gross profit ratio for each of the four years based on corrected amounts. (Round your answers to the nearest whole percent.) Gross Profit Ratio % 2018 % 2019 2020 2021 % %