Question 2 Part 1 SFB Inc. reported these figures for its fiscal year (amounts in millions): Net sales .1,700 Cost of goods sold 1,180 Ending inventory .360 Suppose SFB later leams that ending inventory was overstated by $10 million. What are SIBs correct amounts for (a) net sales, (b) ending inventory, (c) cost of goods sold, and gross profit? Part 2 Suppose Stubby Inc.'s $1.9 million cost of inventory at its fiscal year-end on January 31, 2022, was understated by $0.5 million. 1. Would 2022's reported gross profit of $5.2 million be overstated, understated, or correct? What would be the correct amount of gross profit for 2022? 2. Will 2023's gross profit of $5.6 million be overstated, understated, or correct? What would be the correct amount of gross profit for 20232