Kingbird Hardware reported cost of goods sold as follows. Kingbird made two errors: 1. 2021 ending inventory was overstated $4,800. 2. 2022 ending inventory was understated $8,400. Your answer is correct. Compute the correct cost of goods sold for each year. (b) Your answer is incorrect. What correcting entry would Kingbird make for error (2)? (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) What correcting entry would Kingbird make for error (2)? (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)