Data table Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit 5,700 21,300 27,000 !!!! Print Done - 61,000 5,900 21,100 $ 39,900 1. Assume that the ending merchandise inventory was accidentally overstated by $2,300. What are the correct amounts for cost of goods sold and gross profit? 2. How would the inventory error affect Washington Pool Supplies's cost of goods sold and gross profit for the year ended December 31, 2020, if the error is not corrected in 2019? Washington Pool Supplies's merchandise inventory data for the year ended December 31, 2019, follow: (Click the icon to view the inventory data.) Read the requirements Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $2,300. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold in 2019 would be What is the correct amount of gross profit? Gross profit in 2019 would be Requirement 2. How would the inventory error affect Washington Pool Supplies's cost of goods sold and gross profit for the year ended December 31, 2020, if the error is not corrected in 2019? Cost of goods sold for 2020 would be by How would the inventory error affect Washington Pool Supplies's gross profit for the year ended December 31, 2020, if the error is not corrected in 20197 Gross profit for 2020 would be by