Blossom Enterprises reported cost of goods sold for 2017 of $1,515,400 and retained earnings of $4,687,300 at December 31, 2017. Blossom later discovered that its ending inventories at December 31, 2016 and 2017, were overstated by $107,670 and $36,850, respectively. Determine the corrected amounts for 2017 cost of goods sold and December 31, 2017, retained earnings. Corrected cost of goods sold Corrected 12/31/17 retained earnings