zes Uncle Bill was concerned about the operating results for 2020 and asked his recently hired accountant, "If sales increased in 2020. why was net income less than half of what it was in 2019?" In February of 2021, Uncle Bei got his answer: "The ending inventory reported in 2019 was overstated by $25,850 for merchandise that we were holding on consignment on behalf of Kirk's Servistar. We still keep some of the appliances in stock, but the value of these items was not included in the 2020 inventory count because we don't own them." Required: a. Recast the 2019 and 2020 income statements to take into account the correction of the 2019 ending inventory error. Sales Cast of goods sold Gross profit Operating expenses Net income (ignoring income taxes) $ 2020 596,320 $ 2019 575.960 b-1. Calculate the combined net income for 2019 and 2020 before and after the correction of the error Combined Net Income Total 2020 2019 Before comection of error Alter cartraction of error