Innovation Pool Supplies merchandise inventory data for the year ended December 31, 2019 is as follows:

sales revenue		$54,000
Cost of goods sold:
Beginning merchandise inventory	$3,400
Net Cost of Purchases	42,400
Cost of goods available for sale	45,800
Less: ending merchandise inventory	3,900
cost of goods sold		41,900
Gross profit		$ 12,100

QUESTION:

 Suppose ending merchandise inventory was accidentally overestimated by $2,500. What are the correct amounts for cost of goods sold and gross profit?