please help

Help Save & Ed Partial income statements for Sherwood Company summarized for a four-year period show the following: Check 2015 Net Sales Cost of Goods Sold Gross Profit 2017 $2,700,000 1,701, 080 $ 999, eee 2016 $3,100,eee 1,922, eee $1,178,eee $3,200, eee 2,048,eee $1,152,eee 2018 $3,7ee, eee 2,331, eee $1,369, eee An audit revealed that in determining these amounts, the ending inventory for 2016 was overstated by $27,000. The inventory balance on December 31, 2017, was accurately stated. The company uses a periodic Inventory system Required: 1. Restate the partial income statements to reflect the correct amounts, after fixing the inventory error 2-a. Compute the gross profit percentage for each year (a) before the correction and by after the correction 2-b. Does the pattern of gross profit percentages lend confidence to your corrected amounts? Complete this question by entering your answers in the tabs below.