The statements of eamings for Pruitt (amounts in thousands of dollars): Company summarized for a four-year period show the following Sales revenue Cost of sales Gross profit Operating expenses Pretax earnings Income tax expense (40%) Net earnings 2018 S4,D25 2,505 1,520 830 332 4g8 2017 S4,450 2,627 1,823 713 1,110 444 666 2016 S4,700 2,782 1,918 738 1,180 472 708 2015 $4,975 3,113 1,862 742 1,120 448 672 An audit revealed that in determining these amounts, the ending inventory for 2016 was understated by 862. Required: 3 Revise these statements of earnings to reflect the correct amounts (00 not round intermediate calculations. Round the final answers to the nearest dollar amount.) Corrected Statement of Earnings Sales revenue Cost of sales Gross profit Operating expenses Pretax earnings Income tax expense Net earnings Oid the error affect the cumulative net earnings for the four-year period? o Not affected o Affected What effect did the error have on the income tax expense for 2016 and 2017? (Do not round intermediate calculations. Round the final answers to the nearest dollar amount.) 2017 2016