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Question 3 View Policies Current Attempt in Progress Linda Company reported these income statement data...

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Question 3 View Policies Current Attempt in Progress Linda Company reported these income statement data for a 2-year period. 2022 2021 $225.000 $189,000 Sales Beginning inventory 36,000 27,000 Cost of goods purchased 181.800 155,700 Cost of goods available for sale 217,800 182.700 Ending inventory 45,000 36,000 Cost of goods sold 172,800 146.700 Gross profit $52.200 $42,300 Linda uses a periodic inventory system. The inventories at January 1, 2021 and December 31, 2022, are correct. However, the ending inventory at December 31, 2021 is overstated by $3.600. Prepare correct income statement data for the 2 years. 2021 2022 2$

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