Hudson 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 $2,000. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold in 2019 would be $ 22800 Data Table $ 45,000 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 5,200 21,500 26,700 3,900 22,800 22,200 $ Check Answer Gross Profit Requirements 1. Assume that the ending merchandise inventory was accidentally overstated by $2,000. What are the correct amounts for cost of goods sold and gross profit? How would the inventory error affect Hudson 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? Print Done