This Question: 8 pls Kendall Pond Bakery reported sales revenue of $46,000 and cost of goods sold of $19.000 Compute Kendall Pond's correct gross profit if the company made either of the following independent accounting errors. a. Ending merchandise inventory is overstated by $5.000 b. Ending merchandise Inventory is understated by $5,000 Cost of Goods Sold and Gross Profit Corrected for the Error Ending Merchandise Inventory: As Reported (a) Overstated (b) Understated Incorrect by 55.000 by 55,000 $ 46,000 $ 46,000 $ 46,000 19.000 Sales revenue Cost of goods sold Gross profit Enter any number in the edit fields and then continue to the next