Co x 8159 JESSY MATADOR Help Save& Exit tomework Check my verant Company had $900,000 of sales in each of three consecutive years 200-2018, and it purchased merchandise costing $545,000 in each of those years. It also maintained a $290,000 physkcal inventory from the beginning to the end of that three year period. In accounting for inventory, it made an error at the end of year 2016 that caused its year end 2016 inventory to appear on its statements as $270,000 rather than the correct $290,000 1. Determine the correct amount of the company's gross profit in each of the years 2016 2018 2 Prepare comparative income statements to show the effect of this error on the company's cost of goods sold and gross proft tor each of the years 2016-2018 Complete this questions by entering your answers in the below tabs Required 1 Required 2 Determine the correct amount of the company's gross profit in each of the years 2016-2018. Comperative Income Statements Cost af goods sold GH B N