Wildhorse Co. reported the following income statement data for a 2-year period 2018 2019 Sales revenue $216,500 $257,000 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,500 186,500 221,000 45,000 176,000 $40,500 45,000 205,000 250,000 53,500 196,500 $60,500 Cost of goods sold Gross profit Wildhorse Co. 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 Prepare correct income statement data for the 2 years 2018 2019 Sales Cost of goods sold Beginning inventory Cost of goods purchased