lly Indu as unde (Clic mad the Data table Sales revenue 2018 2017 $470,000 $440,000 2016 $410,000 Cost of goods sold: Beginning inventory $ 13,000 $ 25,000 $ 27,000 Net purchases 210,000 190,000 270,000 squirer Cost of goods available 223,000 215,000 297,000 20,000 13.000 25.000 Ending inventory Cost of goods sold 203,000 202.000 272,000 Gross profit 267,000 238,000 138,000 128,000 102,000 21,000 Operating expenses $ 139,000 $ 136,000 $ 117,000 Net income Print Done Save he ending inventory for 2016 was correct statement or overstatement