Novak Hardware reported cost of goods sold as follows.

		2022		2021
Beginning inventory		$ 34,500		$ 21,000
Cost of goods purchased		177,000		155,000
Cost of goods available for sale		211,500		176,000
Less: Ending inventory		36,000		34,500
Cost of goods sold		$175,500		$141,500

Novak made two errors: 1. 2021 ending inventory was overstated by $3,450. 2. 2022 ending inventory was understated by $6,350. Compute the correct cost of goods sold for each year.