The following information applies to the questions displayed below Ringo Company 1.070,000 of sales in each of three consecutive years 2010-2012 and it purchased merchandise costing $585,000 in each of those years. It also maintained a $370,000 physical inventory from the beginning to the end of that three year periodIn accounting for inventoryit made an error at the end of year 2010 that caused ils year end 2010 inventory to appear on its statements as \$350,000 roth than the correct $370,000

1. Determine the correct amount of the company's gross profit in each of the years 2010 - 2012 (Omit the sign in your response.) 2010 2011 2012 Gross profit