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Die Watch Company reported the following income totemerk data for a period 2022 2021 Sales $275.000 $220.000 Cost of 2000 gold Se inventory Cot of goods purchased 44,000 202.000 26.000 171.000 Cost of poodavetle for us 244,000 197.000 Endintventory 46,000 44.000 Cost of goods sold 200.000 131.000 Grourt 575.000 147.000 Siya periodenways. The inventores January 1, 2021, and December 31, 2012, are correct. However, ending Tentory December 31, 2021. was overward $7,000. Drapere correct Income statement data for the 2 ye 2022 2021 Si Cost of goods sold Beginning inventory Cost of good purchased Cost of evariables traile Ending Inventory Cast of Cross profit Tebook and Media Attempt of used SA What is the cumul sffect of the entry error on total gross profit for the 2 year? Cumulative efect of the inventory errors