Tamarisk Enterprises reported cost of goods sold for 2020 of $1,512,800 and retained earnings of $5,078,800 at December 31, 2020. Tamarisk later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $113,870 and $35,230, 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 $