Ivanhoe Company reported these income statement data for a 2-year period. 2024 2025 Sales revenue $200,410 $264,100 Beginning inventory 32,750 38,660 Cost of goods purchased 162,580 188,700 Cost of goods available for sale 195,330 227,360 Less: Ending inventory 38,660 59.530 Cost of goods sold 156,670 167,830 Gross profit $43,740 $96,270 Ivanhoe Company uses a periodic inventory system. The inventories at January 1, 2024, and December 31, 2025, are correct. However, the ending inventory at December 31, 2024, is overstated by $7,930. (a) Prepare correct income statement data for the 2 years 2024 2025 Sales revenue $ Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Less Ending inventory Cost of goods sold Gross profit