The accounting records of Salem Home Store show these data in milions). Click the icon to view the Income statements.) The are very happy with Salem's steady increase in not income. However, auditors discovered that the ending inventory for 2016 was understated by 55 Je ending inventory for 2017 was understated by S4 million. The ending inventory at December 31, 2018, was correct Read the requirements millio Data Table orary Requirement 1. Show corrected income statements for each of the three years. Salem Home Store Income Statements (adapted; amounts in millions) Years Ended December 31, 2018, 2017, and 2016 2018 2017 Net sales revenue 47 Cost of goods sold Beginning inventory Net purchases 30 urces 2016 kdy tion Tools Enter any number in the edit fields and then continue to the next question Data Table - X accounting record (Click the icon to shareholders are Sillion and that the end ead the requirements as understated 2018 2017 2016 $ 47 $ 44 $ 41 Requirement 1. Show $ CA in 6 18 00 7 28 26 Net sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available Less ending inventory Cost of goods sold Gross profit Operatiog expenses 38 (9) 35 (8) 32 (7) . Net sales revenue 29 27 25 18 17 16 Cost of goods sold: Beginning inven 7 7 7 $ 11 s 10 9 Net purchases $ Net Income Enter any number in tl Print Done The accounting records of Salem Home Store show these data in milions). Click the icon to view the Income statements.) The are very happy with Salem's steady increase in not income. However, auditors discovered that the ending inventory for 2016 was understated by 55 Je ending inventory for 2017 was understated by S4 million. The ending inventory at December 31, 2018, was correct Read the requirements millio Data Table orary Requirement 1. Show corrected income statements for each of the three years. Salem Home Store Income Statements (adapted; amounts in millions) Years Ended December 31, 2018, 2017, and 2016 2018 2017 Net sales revenue 47 Cost of goods sold Beginning inventory Net purchases 30 urces 2016 kdy tion Tools Enter any number in the edit fields and then continue to the next question Data Table - X accounting record (Click the icon to shareholders are Sillion and that the end ead the requirements as understated 2018 2017 2016 $ 47 $ 44 $ 41 Requirement 1. Show $ CA in 6 18 00 7 28 26 Net sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available Less ending inventory Cost of goods sold Gross profit Operatiog expenses 38 (9) 35 (8) 32 (7) . Net sales revenue 29 27 25 18 17 16 Cost of goods sold: Beginning inven 7 7 7 $ 11 s 10 9 Net purchases $ Net Income Enter any number in tl Print Done