Just need part b answered

Sheffield Hardware Limited reported the following amounts for its cost of goods sold and Inventory: 2021 2020 Cost of goods sold $ 169,500 $ 155,100 Ending inventory 36,800 30,400 Sheffield made two errors in 2020. It recorded a $ 4,000 inventory purchase in transit at the end of 2020 that was shipped FOB destination and included this amount in ending inventory. Also during the year-end inventory count, staff forgot to count $5,000 of ending inventory that was on hand. No one discovered these errors in 2020. (a) ( 1 Your answer is partially correct. Calculate the correct ending inventory and cost of goods sold amounts for each year. 2021 2020 Ending inventory $ ta 41800 $ 31400 Cost of goods sold $ 169500 $ 150,100 2021 2020 (1) Cost of goods sold Overstated $ 5000 Understated $ Income (2) before income tax Understated $ 5000 Overstated $ (3) Assets Understated $ 1000 Will not effect ta $ (4) Liabilities Will not effect i Will not effect Total (5) shareholders' equity Understated $ 4000 Overstated $ ta 2021 2020 f goods Overstated tA 5000 Understated $ 5000 e Understated $ ta 5000 Overstated ta $ 5000 e tax Understated $ 1000 Will not effect $ HA ties Will not effect i Will not effect holders' Understated $ ta 4000 Overstated $ 5000