Time to the text A company reported ending inventory of 587.000 in year 1. It was discovered in year that the correct value of the ending inventory was 500.000 for your complete the following about this information Assume the company as the perpetual Inventory system Do not comment out boxes El negative for the Profitom Reported Correct Amount Inventory 587,000 Current Assets $177,000 $ Total Art 5450,000 Owner's Equity, Year 160,000 1010,000 Cost of Good Dol455,000 Profit for your 18.000