If I understand you correctly, you sold product as part of normal sales and shipped it. Product lost and you sent new product.
No, the income stays the same as reporting one sale. The replaced product is deducted as a normal expense of sale...you don't claim income for the replacement product.
Thus, claim the normal sale as income, and expense 2 product as COS
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
