Bienvenu Enterprises reported cost of goods sold for 2014 of $1,458,800 and retained earnings of $5,216,800 at December 31, 2014. Bienvenu later discovered that its ending inventories at December 31, 2013 and 2014, were overstated by $106,800 and $32,290, respectively.

Determine the corrected amounts for 2014 cost of goods sold and December 31, 2014, retained earnings.

Cost of goods sold: $

Corrected 12/31/14 retained earnings: $