Pina Suppliers reported cost of goods sold for 2017 of $820,000 and retained earnings of $1,155,000 at December 31, 2017. Pina later discovered that its ending inventories at December 31, 2016 and 2017, were overstated by $40,500 and $62,600, respectively Determine the corrected amounts for 2017 cost of goods sold and December 31, 2017, retained earnings. COGS Retained Earnings Corrected amounts