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Marigold Enterprises reported cost of goods sold for 2 0 2 5 of $ 1 , 3 3 7 , 6 0 0 and retained

Marigold Enterprises reported cost of goods sold for 2025 of $1,337,600 and retained earnings of $5,139,000 at December 31,2025.
Marigold later discovered that its ending inventories at December 31,2024 and 2025, were overstated by $114,030 and $38,210,
respectively.
Determine the corrected amounts for 2025 cost of goods sold and December 31,2025, retained earnings.
Corrected cost of goods sold
Corrected 12/31/25 retained earnings
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