The numbers filled are right; need help on the missing values!

Partial income statements for Sherwood Company summarized for a four-year period show the following: 2014 2015 2016 2017 Net Sales Cost of Goods Sold $2,000,000 $2,400,000 $2,500,000 $3,000,000 1,400,000 1,660,000 1,770,000 2,100,000 Gross Profit 600,000 740,000 730,000 900,000 An audit revealed that in determining these amounts, the ending inventory for 2015 was overstated by $20,000. The inventory balance on December 31, 2016, 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. Sherwood Company Income Statements (Corrected) 2014 2015 2016 2017