Kingbird, Inc. reported cost of goods sold as follows. 2017 2016 Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold $28,040 19,250 161,070 180,320 28,040 $178,220 $152,280 188,840 216,880 38,660 Kingbird, Inc. made two errors: 1. 2016 ending inventory was overstated by $1,840. 2. 2017 ending inventory was understated by $4,860. Compute the correct cost of goods sold for each year. 2016 2017 The correct cost of goods sold s Click if you would like to Show Work for this question: Open Show Work