Vaughn Watch Company reported the following income statement data for a 2-year period. 2019 2020 Sales revenue S210,000 $265.000 Cost of goods sold Beginning inventory 28,000 43.000 Cost of goods purchased 173,000 204,000 Cost of goods available for sale 201.000 247,000 43,000 55.000 Ending inventory Cost of goods sold 158.000 192.000 Gross profit $52.000 $73,000 Vaughnuses a periodic twentory system. The inventories at January 1, 2019, and December 31, 2020, are correct. However the ending inventory at December 31, 2019 was overstated 57.000 Prepare correct income statement data for the 2 years. 2019 2020 Sales 210000 $ 265000 Cost of goods sold Beginning inventory 28000 36000 Cost of goods purchased 173000 204000 Cost of goods available for sale 201000 240000 Ending inventory 36000 55000 Cost of goods sold 165000 185000 Gross profit 45000 30000 What is the cumulative effect of the inventory error on total gross profit for the 2 years? Cumulative effect of the inventory error $ + NA H