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Required Information P7-6 (Algo) Analyzing and Interpreting the Effects of Inventory Errors L07-5 [The following information applles to the questions displayed below.] The income statement for Pruitt 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 $13,000. The company uses a periodic Inventory system. P7-6 Part 1 Required: 1. Prepare the income statements to reflect the correct amounts, taking into consideration the inventory error