Sandhill Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Sandhill Company show the following data! Income statement 2024 2023 2022 Sales $340,000 $325,000 $360,000 Cost of goods sold 234,000 230.000 276,000 Operating expenses 73,000 73,000 73,000 Balance sheet Merchandise Inventory 57.000 43,000 35,000 After its July 31, 2024, year end. Sandhill discovered two errors: 1 At July 31, 2023, Sandhill had $10,000 of goods held on consignment at another company that were not included in the physical count. 2 In July 2023, Sandhill recorded a $15,000 inventory purchase on account that should have been recorded in August 2023 (a) Prepare corrected income statements for Sandhill for the years ended July 31, 2022, 2023, and 2024 SANDHILL COMPANY Income Statement > > 2024 2023 2022 (a) Prepare corrected income statements for Sandhill for the years ended July 31, 2022, 2023, and 2024. SANDHILL COMPANY Income Statement Cost of Goods Sold Gross Prof invessments Marchande inventory Operating Expenses Profs/(Loss) 2024 2023 2022 Attempts: 0 of 3used Submit Answer