14 (1 point) ABC Enterprises reported cost of goods sold for 2020 of $2,714,790 and retained earnings of $4,343,580 at December 31, 20X1. ABC later discovered that its ending inventories at December 31, 20X0 and 20X1, were overstated by $162,867 and $54,291, respectively. Determine the correct amount for the cost of goods sold for the year ended December 31, 20X1. $2,410,748 $2,475,903 $2,541,059 $2,606,214 $2,671,369