Data table Enpire State Carpets' books show the following data. III (Click the icon to view the income stalements.) In early 2026, auditocs found that the ending merchandise inventory for 2023 was understated by $8,000 and that the ending merchandise in merchandise inventory at December 31, 2024, was correct. Read the teovisnnents. State Cappets books show the following data. alick the icon to view the income stalements.) ty 2026, audiom found that the ending merchandise inventory for 2023 was inderstated by $8,000 and that the ending merchandise inventoy for 2025 was o thandee invertary at December 31,2024 , was cocrect: id the tequirements. Data table Read the regurirements Requirement 2. State whether each year's net income-before your corrections-is understated or overstated, and indicate the amount of the undenstaternent or avi Requirement 3. Compute the inventory tumover and days' sales in irvensory using the conrected income statement for the three years. (Round ali numbent fo two docimi Seloct the labeis and enter the amounts to compute inventory turnover for each year. (Round your angwern fo ha decimal olaces x. x.) Income Statement For the Years Ended December 31, 2025, 2024, and 2023 Reauirement 2. State whether each vear's net income-before vour corrections-is understated or overstated, and indicate the amount of the u modocs example Get more help *