Question 5 of 5 < > Splish Brothers Inc. reported cost of goods sold as follows. 2017 2016 Beginning inventory $28,020 $20,190 Cost of goods purchased 162,700 167,680 Cost of goods available for sale 190.720 187,870 Less: Ending inventory 34,940 28,020 Cost of goods sold $155,780 $159,850 Splish Brothers Inc. made two errors: 1. 2016 ending inventory was overstated by $2.130. 2. 2017 ending inventory was understated by $5,270. Compute the correct cost of goods sold for each year. The correct cost of goods sold S eTextbook and Media 2016 2017 C