Vaughn Watch Company reported the following income statement data for a 2-year period. 2022 2021 Sales revenue $250,000 $200,000 Cost of goods sold Beginning inventory 43,000 34,000 Cost of goods purchased 203,000 180,000 Cost of goods available for sale 246,000 214,000 Ending inventory 52,000 43,000 Cost of goods sold 194,000 171,000 Gross profit $56,000 $29,000 Vaughn uses a periodic inventory system. The inventories at January 1, 2021, and December 31, 2022, are correct. However, the ending inventory at December 31, 2021, was overstated $5,000. (a) Prepare correct income statement data for the 2 years. Sales Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit 2022 2021 $ $