The following information is taken from the records of Perfect Fit Fashions Inc. for 2019 and 2020: Beginning inventory Ending inventory Cost of goods sold Gross profit 2019 $29,000 $41,000 $52,000 $ 25,000 2020 $41,000 $31,000 $48,000 $29,000 The company performed an inventory count at the end of 2019 and 2020 and discovered that the ending inventory amounts listed above were incorrect as follows: Error in Ending Inventory $ Amount 2019 Overstated $11600 2020 Understated $8700 Required: What is the corrected net profit for 2019