Question 14 of 14 Current Attempt in Progress Lisa Pharmacy reported cost of goods sold as follows: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 2021 $69,120 1,084,160 1.153.280 81.920 $1,071,360 2022 $81,920 1,140,480 1.222.400 70,400 $1,152,000 Lisa made two errors (1) 2021 ending inventory was overstated by 57,680. (2) 2022 ending inventory was understated by $14,080 Assuming the errors had not been corrected, indicate the dollar effect that the errors had on the items appearing on the financial statements listed below. Also indicate if the amounts are overstated or understated. 2021 2022 Overstated/ Understated Overstated! Understated Amount Amount