Problem 6-10B Analysis of inventory errors Lo5, @9 Fireplace Company reported the following amounts in its financial statements: Financial Statements for Year Ended December 31 2020 2021 2022 (a) Cost of goods sold. (b) Profit... $102,600 $106,400 $ 98,015 87,400 105,635 91.955 133,000 138,250 131,475 152,000 158,000 168,000 (c) Total current assets. (d) Equity...... In making the physical counts of inventory, the following errors were made: Inventory on December 31, 2020: overstated $8,100 Inventory on December 31, 2021: understated $10,800 Required For each of the preceding financial statement items-(a), (b), (c), and (d)-prepare a schedule similar to the following and show the adjustments that would have been necessary to correct the reported amounts. 2020 2021 2022 Cost of goods sold: Reported....... Adjustments: Dec. 31/20 error..... Dec. 31/21 error.. Corrected..... Analysis Component: What is the error in the aggregate profit for the three-year period that resulted from the inventory errors