Larkspur Hardware reported cost of goods sold as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 2022 $ 30,500 194,000 224,500 36,500 $188,000 2021 $ 22,500 151,500 174,000 30,500 $143,500 Larkspur made two errors: 1.2021 ending inventory was overstated by $3,400. 2. 2022 ending inventory was understated by $6,250. Compute the correct cost of goods sold for each year. 2022 2021 Cost of goods sold $ A e Textbook and Media Save for Later Attempts: 0 of 3 used Submit