The management of Waterway Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Waterway changed its method of pricing inventory from last-in, first-out (LIFO) to average-cost in 2025. Given below is the 5-year summary of income under LIFO and a schedule of what the inventories would be if stated on the average-cost method

Prepare comparative statements for the 5 years, assuming that Waterway changed its method of inventory pricing to average-cost Indicate the effects on net income and earnings per share for the years involved. Waterway Instruments started business in 2020.
(Enter amounts that decrease cost of goods sold using either a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000). Round all amounts except EPS to the nearest whole dollar, e.g. 5,275. Round Earnings Per Shar 2 decimal places, e.g. 1.62. Round up the tax effects to the next whole dollar.)

2021

2022

2023

2024

2025

Sales

13,960

15,660

16,810

18,060

18,940

COGS

Beg. inv

1,020

1,130

1,090

1,260

1,490

Purchases

12,910

13,880

14860

15,940

17,175

End Inv

1,130

1,090

1,260

1,490

1,720

Total

12,800

13,920

14,690

15,710

16,945

Gross Profit

1,160

1,740

2,120

2,350

1,995

Admin exp

690

770

840

910

1,000

Inc Before Tax

470

970

1280

1,440

995

Income Tax (50%)

235

485

640

720

498

Net Income

235

485

640

720

497

Could you pleaese help to fill out the table below

2021

2022

2023

2024

2025

RE beg

Originally stated

1,200

1,430

1,875

2,485

3,155

Adjustment

As restated

RE end

EPS

2.35

4.85

6.40

7.20

4.97

Schedule of Inventory Balances Using Average-Cost Method For the Years Ended May 31 \\begin{tabular}{llllll} \\hline 2020 & 2021 & 2022 & 2023 & 2024 & 2025 \\end{tabular}