The financial records of Homeland Drawing and Home Plans show these data (in thousands) Click the icon to view the income statements.) In early 2021, a potential investor's auditors discovered that the ending inventory of 2018 had been overstated by $9 thousand. Also, the ending inventory for 2020 had boen understated by $11 thousand. The ending inventory at December 31, 2018, was correct. Required 1. Show corrected comparative income statements for the three years 2. State whether each year's net incomo as reported here and the related owner's equity amounts are understated or overstated. For each incorrect ligure, indicate the amount of the understatement or overstatement i Income Statements - X 2020 2019 2018 $ 322 249 $ $ 222 72 51 150 43 117 110 Net sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available for sale Less: Ending inventory Cost of goods sold Gross margin Operating expenses 160 201 62 182 43 51 139 109 139 183 83 140 74 107 38 $ 76 Net income 66 S 45