Rulix Watch Company reported the following income statement data for a 2-year period.

		2018		2019
Sales revenue		$220,000		$250,000
Cost of goods sold
Beginning inventory		32,000		44,000
Cost of goods purchased		173,000		202,000
Cost of goods available for sale		205,000		246,000
Ending inventory		44,000		52,000
Cost of goods sold		161,000		194,000
Gross profit		$59,000		$56,000

Rulix Watch Company uses a periodic inventory system. The inventories at January 1, 2018, and December 31, 2019, are correct. However, the ending inventory at December 31, 2018, was overstated $6,000.

(a)

Prepare correct income statement data for the 2 years.

		2018		2019
Sales		$		$
Cost of goods sold
Beginning inventory
Cost of goods purchased
Cost of goods available for sale
Ending inventory
Cost of goods sold
Gross profit		$		$