S6-9 (similar to) Question Help Riderco Pool Supplies's merchandise inventory data for the year ended December 31, 2019, follow. (Click the icon to view the inventory data.) Read the requirements Data Table Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $1,600. What are the Cost of goods soldo Sales Revenue S 52,000 Cost of Goods Sold 1. Assume that the ending merchandise inventory was accidentally overstated by $1.600. What are the correct amounts for cost of goods sold and gross profit? How would the inventory error affect Riderco Pool Supplies's cost of goods sold and gross profit for the year ended December 31, 2020, if the error is not corrected in 2019? Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold 4,700 30,000 34,700 4,300 2. 30,400 S 21,600 Gross Profit PrintDone Enter any number i PrintDone parts remaining Clear wer 10:50 PM