help me out please!

Partial income statements for Murphy & Murphy (M&M) reported the following summarized amounts: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Net Sales $ 70,000 $ 69,000 $ 90,000 $ 78,000 Cost of Goods Sold 49,000 51,750 59,950 53,820 Gross Profit $ 21,000 $ 17,250 $ 30,450 $ 24,180 After these amounts were reported, M&M's accountant determined the inventory at the end of Quarter 2 was understated by $3.450 The inventory balance at the end of the other three quarters was accurately stated Required: 1. Restate the partial income statements to reflect the correct amounts, after fixing the inventory error 2. Compute the gross profit percentage for all four quarters both (a) before the correction and (b) after the correction. Does the pattern of gross profit percentages lend confidence to your corrected amounts? TIP: Gross profit percentage is calculated as (Gross Profit Net Sales) * 100. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the gross profit percentage for all four quarters both (a) before the correction and (b) alter the correction. Do the pattern of gross profit percentages lend confidence to your corrected amounts? TIP: Gross profit percentage is calculated as (Gross Profit+ Net Sales) * 100. Round your answers to the nearest whole percent) Quarter 1 Quarter Quarter 2 Quarter