Marigold Enterprises reported cost of goods sold for 2020 of $1,337,600 and retained earnings of $5,139,000 at December 31, 2020. Marigold later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $114,030 and $38,210, respectively Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold $ Corrected 12/31/20 retained earnings $