Question 2 Bramble Suppliers reported cost of goods sold for 2017 of $720,000 and retained earnings of $1,375,000 at Decembe 31, 2017. Bramble later discovered that its ending inventories at December 31, 2016 and 2017, were overstated by $34,000 and $77,800, respectively. Determine the corrected amounts for 2017 cost of goods sold and December 31, 2017, retained earnings. COGS Retained Earnings Corrected amounts