the records of largo company reveal the following. sales revenue $533,000 cost of goods sold beginning inventory $26,000 purchases 273,000 goods available for sale 299,000 ending inventory 65,000 234,000 gross margin 299,000 operating expenses 156,000 income (pretax) $143,000 the following errors were found, and they have not yet been corrected. 1. revenues of $13,000 collected in advance are included in sales revenue. 2. accrued operating expenses of $18,200 are not recorded. 3. goods costing $26,000 are incorrectly included in ending inventory. (they are being held on consignment.) no purchase was recorded. 4. goods costing $13,000 are correctly included in ending inventory; however, no purchase was recorded (assume a credit purchase). a. prepare a revised income statement on a correct basis. note: do not use negative signs with your answers.