Question: Prepare the correct income statement data for the 2 years using information above. Current Attempt in Progress Swifty Corporation reported these income statement data for

Prepare the correct income statement data for the 2 years using information above.

information above. Current Attempt in Progress Swifty Corporation reported these income statement

Current Attempt in Progress Swifty Corporation reported these income statement data for a 2-year period. Swifty Corporation uses a periodic inventory system. The inventories at January 1, 2021, and December 31, 2022, are correct. However, the ending inventory at December 31,2021 , is overstated by $5,500

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