Jennifer Pharmacy reported cost of goods sold as follows: 2021 2022 Beginning inventory $ 59,400 $70,400 Cost of goods purchased 931,700 980,100 Cost of goods available for sale 991,100 1,050,500 Ending inventory 70,400 60,500 Cost of goods sold $ 920,700 $ 990,000 Jennifer made two errors: (1) 2021 ending inventory was overstated by $6,600. 2022 ending inventory was understated by $ 12,100. (2) Assuming the errors had not been corrected indicate the dollar effect that the errors had on the items appearing on the financial statements listed below. Also indicate if the amounts are overstated or understated 2021 2022 Overstated/ Understated Overstated/ Understated Amount Amount Total assets $ $ Stockholders equity $ Cost of goods sold $ $ Net income