Poilne Bakery reported sales revenue of ($ 28,000) and cost of goods sold of ($ 12,000). Compute

Poiláne Bakery reported sales revenue of \(\$ 28,000\) and cost of goods sold of \(\$ 12,000\). Compute Poiláne's correct gross profit if the company made each of the following accounting errors. Show your work

a. Ending inventory is overstated by \(\$ 3,000\).

b. Ending inventory is understated by \(\$ 3,000\).