Vaughn Watch Company reported the following income statement data for a 2-year period. 2019 2020 Sales revenue $210,000 $265.000 Cost of goods sold Beginning inventory 28.000 43,000 Cost of goods purchased 173.000 204,000 Cost of goods available for sale 201.000 247.000 Ending inventory 43.000 55.000 Cost of goods sold 158.000 192.000 Groupon $52.000 573.000 Vaughnutes a periodic ventory system. The inventory 1. 2012. and December 31, 2020 correct. However the endin entory at December 31 2019, was over statea 57.000 Vaughn uses a periodic inventory system. The inventories at January 1, 2019, and December 31, 2020, are correct. However, the ending inventory at December 31, 2019, was overstated $7,000. (a) Prepare correct income statement data for the 2 years 2019 2020 Sales S Cost of goods sold Beginning inventory Cost of toods purchased Cost of goods available for sale Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross pront