me 1, 16th contactar Edition Kermit Larson.pdf Open with Problem 6-10B Analysis of inventory errors L05, 9 Fireplace Company reported the following amounts in its financial statements: Financial Statements for Year Ended December 31 2021 2022 2020 (a) Cost of goods sold. (b) Profit (c) Total current assets (d) Equity $102,600 87,400 133.000 152.000 $106,400 105,635 138,250 158,000 $ 98,015 91.955 131,475 168,000 In making the physical counts of inventory, the following errors were made: Inventory on December 31, 2020: overstated $8,100 Inventory on December 31, 2021: understated $10,800 Required for each of the preceding financial statement items--(a), (b), (c), and (d)-prepare a schedule similar to the following and show the adjustments that would have been necessary to correct the reported amounts