Dijon Mustard Lle. reported the following comparative income statement for the years ended September 30, 2019 and

Dijon Mustard Llée. reported the following comparative income statement for the years ended September 30, 2019 and 2020 :

Dijon's shareholders are thrilled by the company's boost in sales and net income during 2020. Then they discover that the 2019 ending inventory was understated by \(\$ 10,000\). How well did Dijon really perform in 2020, as compared with \(2019 ?\)

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1 A Dijon Mustard Lte. Income Statement For the Years Ended September 30 2 3 Sales revenue 4 Cost of goods sold 5 Beginning inventory 10 Purchases 6 7 8 9 10 11 12 13 Goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Net income B C D E F 2020 $ 194,000 2019 $158,000 $ 23,000 $ 16,000 97,000 86,000* 120,000 (21,000) 102,000 (23,000) 99,000 79,000 95,000 79,000 20,000 20,000 $ 75,000 $ 59,000