Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Year 1 Year 2 $128,000 $131,600 251,600 283,000 379,600 414,600 131,600 136,600 $248,000 $278,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,600 and 2) ending inventory at the end of Year 2 was overstated by $7600. Given this information, the correct cost of goods sold figure for Year 2 would be: Multiple Choice $270,400 $302.200 $285,600 Multiple Choice O $270,400 $302.200 $285,600 $257,000 $294,600