五、Linden Watch Company reported the following income statement data for a 2-year period.
Linden uses a periodic inventory system. The inventories at January 1,2013, and December 31, 2014, are correct. However, the ending inventory at December 31, 2013, was overstated $5,000.
Instructions
【題組】
(a) Prepare correct income statement data for the 2 years. (7%)