Splish Enterprises reported cost of goods sold for 2020 of $1,383,800 and retained earnings of $4,981,700 at December 31, 2020. Splish later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $103,730 and $34,580, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold Corrected 12/31/20 retained earnings $