Sheridan Hardware reported cost of goods sold as follows. 2022 2021 $ 30,500 189,500 $ 25,000 153,500 Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 220,000 40,000 $180,000 178,500 30,500 $148,000 Sheridan made two errors: 1. 2021 ending inventory was overstated by $3,200. 2. 2022 ending inventory was understated by $6,300. Compute the correct cost of goods sold for each year. 2022 2021 Cost of goods sold $ $