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P7.6 (Algo) Analyzing and Interpreting the Effects of Inventory Errors LO7-5 [The following information appliles...

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P7.6 (Algo) Analyzing and Interpreting the Effects of Inventory Errors LO7-5 [The following information appliles to the questions displayed below] The income statement for Prultt Company summarized for a four-year period shows the following: An audit revealed that in determining these amounts, the ending inventory for 2017 was overstated by $21.000. The company uses a perlodic inventory system. P7.6 Port 1 Required: 1. Prepare the income statements to reflect the correct amounts, taking into consideraton the inventory errot

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