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Swifty Corporation uses a periodic inventory system. The inwentories at January 1, 2021, and December 31, 2022, are correct. However, the ending irwentory at December

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Swifty Corporation uses a periodic inventory system. The inwentories at January 1, 2021, and December 31, 2022, are correct. However, the ending irwentory at December 31,2021, is overstated by $5,500. (a) Prepare correct income statement data for the 2 years

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