The above pic is Exhibit 6.11 for requirement 2. Please help me by answering all requirements. Thanks alot.

Vibrant Company had $850,000 of sales in each of three consecutive years 2014-2016, and it purchased merchandise costing $500,000 in each of those years. It also maintained a $250,000 physical inventory frum the begianing to the end of that three-year period. In accounting for inventory, it made an error at the end of year 2014 that caused its year-end 2014 inventory to appear on its statements as $230,000 rather han the correct $250,000 1. Determine the correct amount of the company's gross profit in each of the years 2014-2016. 2 Prepare comparative income statements as in Exhibit 6, I l to show the effect of this error on the com puny's cost of goods sold and gross profit for each of the years 2014-2016