CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 6-11 (Part Level Submission) Marigold Corp. reported the following income statement data for a 2-year period. 2018 2019 $215,000 $257,500 Sales revenue Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 32,500 192,500 225,000 44,000 181,000 $34,000 44,000 217,500 261,500 55,000 206,500 $51,000 Gross profit Marigold Corp. uses a periodic inventory system. The inventories at January 1, 2018, and December 31, 2019, are correct. However, the ending inventory at December 31, 2018, was overstated $6,000. (a) Prepare correct income statement data for the 2 years. 2018 2019 Sales Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit Attempts: 0 of 3 used