The statements of earnings for Pruitt Company summarized for a four-year period show the following (amounts in thousands of dollars): Sales revenue Cost of sales Gross profit Operating expenses Pretax earnings Income tax expense (38%) Net earnings 2021 $ 3,325 3,155 1,170 620 55e 165 385 2020 $3,750 2,277 1,473 643 83e 249 $ 2019 54, eee 2,432 1,568 668 982 270 630 2018 $ 4,275 2,763 1,512 672 340 252 591 $ 588 An audit revealed that in determining these amounts, the ending inventory for 2019 was understated by $48. Required: 1. Revise these statements of earnings to reflect the correct amounts. (Do not round Intermediate calculations. Round the final answers to the nearest dollar amount.) Sales revenue Cost of sales Gross profit Operating expenses Pretax earnings Income tax expense Net earnings Answer is complete but not entirely correct. PRUITT COMPANY Corrected Statement of Earnings 2021 2020 2019 2018 $ 3.325S 3.750 $ 4.000 IS 4.275 (2,155) (2.325) (2,384) (2.763) 1 170 1.425 1.616 1,512 620 643 668 672 550 782 948 840 165 249 X 284 252 5 385S 581 XS 664s 588 elsel 2. Did the error affect the cumulative net earnings for the four-year period? Not affected Affected 3. What effect did the error have on the income tax expense for 2019 and 2020? (Do not round Intermediate calculations. Round the finel answers to the nearest dollar amount.) Answer is not complete. Income tax expense Overstatement Understatement 2020 2019 14