Skysong Enterprises reported cost of goods sold for 2020 of $1,344,000 and retained earnings of $4,754,600 at December 31, 2020. Skysong later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $99,490 and $37,840, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold A Corrected 12/31/20 retained earnings $