The Samara'sSamara's Gourmet$$ Foods' merchandise inventory data for the year ended DecemberDecember $3131,20242024,$follow:

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Assume that the ending merchandise inventory was accidentally overstated by $ $1$ comma $600$$$1,600.$ What are the correct amounts for cost of goods sold and gross$$ profit?

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Part $1$

Assuming ending merchandise inventory was overstated by $$1,600,$ the correct amount for cost of goods sold is

Part $2$

Assuming ending merchandise inventory was overstated by $$1,600,$ the correct amount for gross profit is