Vibrant Company hac $1,040,000 of sales in each of Year 1 , Year 2 , and Year 3 , and it purchased merchanclse costing $570,000 in each of those years. It also maintained a $340,000 physical inventory from the beginning to the end of that three-year period. In accounting for inventory. it macle an efror at the end of Year 1 that caused its rear 1 ending inventory to appear on its statements as 5320,000 rather than the correct $340,000 1. Determine the correct amount of the company's gross profit in each of Year 1 , Yedr 2 , and Year 3. 2. Prepare comparative income statements to shovi the effect of this error on the company's cost of goods sold and gross profit for each of Year 1, Year 2 , and Year 3. Complete this question by entering your answers in the tabs below. Deterrmine the correct amount of the company's gross profit in each of Year 1 , Year 2 , and Year 3