The Cobra Company began business on January 1, 2020. During 2020, Cobra purchased all its inventory at $10 per unit. In its 2020 financial statements, Cobra reported: Cost of Goods Sold $20,000 2000 Units Ending Inventory $90,000 9000 Units Net Income $40,000 In 2021, Cobra Company purchased all of its inventory at $10 per unit. In its 2021 financial statements, Cobra reported: Cost of Goods Sold: $50,000 5000 units Ending Inventory $30,000 3000 units Net Income $80,000.

REQUIRED: In reality, ending inventory for 2020 was 9200 units, and ending inventory for 2021 was 3000 units. For 2020, what were the correct cost of goods sold, ending inventory and income (ignore taxes), and retained earnings?