Brief Exercise 8-10 Coronado Enterprises reported cost of goods sold for 2020 of $1,486,500 and retained earnings of $5,034,000 at December 31, 2020. Coronado later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $119,890 and $32,360, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold $ Corrected 12/31/20 retained earnings s Click if you would like to show Work for this question: Open Show Work