Question: Tamarisk, Inc. reported these income statement data for a 2 - year period. Tamarisk, Inc. uses a periodic inventory system. The inventories at January 1

Tamarisk, Inc. reported these income statement data for a 2-year period.
Tamarisk, Inc. 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 $5,000.
(a)
Prepare correct income statement data for the 2 years.
Tamarisk, Inc. reported these income statement data for a 2-year period.

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