The accounting records of New Life Home Store show these data (in millions): (Click the icon to view the income statements.) The shareholders are very happy with New Life'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 $4 million. The ending inventory at December 31, 2021, was correct. Read the requirements. Data table Requirement 1. Show corrected income statements for each of the three y Net sales revenue New Life Home Store Income Statements (adapted; amounts in million Years Ended December 31, 2021, 2020, and 201 2021 2020 43 Cost of goods sold: Beginning inventory Net purchases Cost of goods available Less ending inventory Cost of goods sold 34 0100 Net sales revenue 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 Gross profit Operating expenses Net income 2021 2020 2019 $ 43 $ 40 $ 37 $ 10 $ 9 32 30 42 (11) 33 $ 10 6 $ 39 (10) 31 29 8 4 5 $ 4 Print Done