Wildhorse Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Wildhorse Company show the following data: 2021 2020 2019 Income statement: Sales Cost of goods sold Operating expenses Balance sheet: Merchandise Inventory $340,000 233,000 74,000 $335,000 242,000 74,000 $350,000 263,000 74,000 55,000 44,000 35,000 After its July 31, 2021 year end, Wildhorse discovered two errors: 1. At July 31, 2020, Wildhorse had $10,000 of goods held on consignment at another company that were not included in the physical count. 2. In July 2020, Wildhorse recorded a $15,000 inventory purchase on account that should have been recorded in August 2020 Textbook and Media Yours correct incorrect inventory Carey Textbook ASD oHK Command command option