Weygandt, Financial Accounting, 10e Help System Announcements Return to Blackboard cercise 6-11 sue Spruce Corp. reported the following Income statement data for a 2-year period $211,500 2019 $255,500 ales revenue Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit 34,000 173.500 207.500 44,500 44.500 206,000 250,500 55.000 195,500 163,000 $48,500 $$1,000 Blue Spruce Corp. uses a periodic inventory system. The inventories at January 1, 2018, and December 31, 2019, are correct. However, the ending inventory at December 31, 2018, was overstated $6,000. Your answer is partially correct. Try again. Prepare correct income statement data for the 2 years Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 195500 Gross profit 50500