The income statement for Pruitt Company summarized for a four-year period shows the following: 2016 2017 2018 2019 Sales revenue $ 2,038,000 $ 2,468,000 $ 2,713,000 $ 2,990,000 Cost of goods sold 1,486,000 1,611,000 1,773,000 2,107,000 Gross profit 552,000 857,000 940,000 883,000 Expenses 479,000 498,000 521,000 530,000 Pretax income 73,000 359,000 419,000 353,000 Income tax expense (40%) 29,200 143,600 167,600 141,200 Net income $ 43,800 $ 215,400 $ 251,400 $ 211,800 An audit revealed that in determining these amounts, the ending inventory for 2017 was overstated by $13,000. The company uses a periodic inventory system. Required: 1. Prepare the income statements to reflect the correct amounts, taking into consideration the inventory error.

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.