Concords Hardware reported cost of goods sold as follows.

2019 2020

Beginning inventory

$ 21,000

$ 31,000

Cost of goods purchased

130,000

156,000

Cost of goods available for sale

151,000

187,000

Ending inventory

31,000

36,000

Cost of Goods Sold 120,000 151,000

Concords made two errors: (1) 2019 ending inventory was overstated $ 5,000, and (2) 2020 ending inventory was understated $ 7,000. Compute the correct cost of goods sold for each year.