SplishEnterprises reported cost of goods sold for 2020 of $1,383,800and retained earnings of $4,981,700at December 31, 2020.Splishlater discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $103,730and $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. $ ______