Boston Pool Supplies' merchandise inventory data for the year ended December 31, 2025, follow: (Click the icon to view the inventory data.) Read the requirements. Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $2,400. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold in 2025 would be - X Requirements Data Table 1. Assume that the ending merchandise inventory was accidentally overstated by $2,400. What are the correct amounts for cost of goods sold and gross profit? 2. How would the inventory error affect Boston Pool Supplies' cost of goods sold and gross profit for the year ended December 31, 2026, if the error is not corrected in 2025? $ 48,000 Net Sales Revenue Cost of Goods Sold: $ 3,800 Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 39,200 43,000 5,500 Print Done Less: Ending Merchandise Inventory Cost of Goods Sold 37,500 $ Gross Profit 10,500 Print Done