fix the errors in the table

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not Vibrant Company had $980,000 of sales in each of Year 1, Year 2, and Year 3, and it purchased merchandise costing $540,000 in each of those years. It also maintained a $280,000 physical 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 1 that caused its Year 1 ending inventory to appear on its statements as $260,000 rather than the correct $280,000. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare comparative income statements to show the effect of this error on the company's cost of goods sold and gross profit for each of Year 1, Year 2, and Year 3. VIBRANT COMPANY Comparative Income Statements Year 1 Year 2 Year 3 3-year total Sales $ 980,000 $ 980,000 $ 980,000 2,940,000 Cost of goods sold Cost of purchases Beginning inventory 28,000 28,000 Goods available for sale 28,000 28,000 Ending inventory 260,000 280,000 280,000 Cost of goods sold -232,000 252,000 -252,000 (736,000) Gross profit $ 748,000 $ 728,000 $ 728,000 2,204,000 Q Search