The accounting records of Columbia Home Store show these data (in millions): (Click the icon to view the income statements.) The shareholders are very happy with Columbia's steady increase in net income. However, auditors discovered that the ending inventory for 2019 was understated by $5 million and that the ending inventory for 2020 was understated by $8 million. The ending inventory at December 31, 2021, was correct. Data table X text pages 2021 2020 2019 $ 46 43 $ 40 Net sales revenue Cost of goods sold: Beginning inventory $ 7 6 $ 5 26 24 22 ided in the question.) Net purchases Cost of goods available 33 30 27 (8) (7) (6) Less ending inventory 25 23 21 Cost of goods sold Gross profit 21 20 19 4 4 Operating expenses Net income 17 16 15 Print Done Clear all Check answer