NashEnterprises reported cost of goods sold for 2020 of $1,299,500and retained earnings of $5,405,900at December 31, 2020.Nashlater discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $120,230and $32,640, respectively.

Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings.

Please find

Corrected cost of goods sold$?

Corrected 12/31/20 retained earnings?