Check my work 19 Problem 6-10A Correct inventory understatement and calculate gross profit ratio (LO6-7, 6-9) [The following information applies to the questions displayed below) over a four-year period, Jackle Corporation reported the following series of gross profits. Part 10 10 paints Net sales Cost of goods sold Gross profit 2018 2019 2020 $60,000 $66.000 574,000 32.000 46.000 28.000 520,000 $20,000 $46,000 2021 $90.000 43,000 $42.000 in 2021, the company performed a comprehensive review of its inventory accounting procedures Based on this review.company records reveal that ending Inventory was understated by $11,000 in 2019. Inventory in all other years is correct Retence Problem 6-10A Part 1 Required: 1. Calculate the gross profit ratio for each of the four years based on amounts originally reported. (Round your answers to the nearest whole percent.) S ME 10 points Required: 1. Calculate the gross profit ratio for each of the four years based on amounts originally reported (Round your answers to the nearest whole percent.) Gross Pront Ratio 2010 2010 2020 2021