The accounting records of Downtown Home Store show these data (in millions): (Click the icon to view the income statements.) Next question The shareholders are very happy with Downtown's steady increase in net income. However, auditors discovered that the ending inventory for 2019 was understated by $6 million and that the ending inventory for 2020 was understated by $8 million. The ending inventory at December 31, 2021, was correct. Read the requirements. Requirement 1. Show corrected income statements for each of the three years. (Enter all amounts in millions as provided in the question.) Downtown Home Store Income Statements (adapted; amounts in millions) Years Ended December 31, 2021, 2020, and 2019 Net sales revenue 2021 2020 2019 Data table Cost of goods sold: Beginning inventory Net purchases Cost of goods available Less ending inventory Cost of goods sold Gross profit Operating expenses Net income Net sales revenue 2021 2020 2019 $ 43 $ 40 $ 37 Cost of goods sold: Beginning inventory 11 26 Net purchases Cost of goods available 37 (12) Less ending inventory 22 31 (10) 25 23 Cost of goods sold Gross profit 18 17 3 3 Requirement 2. How much did these assumed corrections add to or take away from Downtown's total net income over the three-year period? How did the corrections affect the trend of net income? How much did these assumed corrections add to or take away from Downtown's total net income over the three-year period? Operating expenses $ 15 $ 14 Net income 21 $ 13 How did the corrections affect the trend of net income? Requirement 3. Will Downtown's shareholders still be happy with the company's trend of net income? Explain. The shareholders be happy with the trend of net income because Print Done