Wildhorse Enterprises reported cost of goods sold for 2020 of $1,459,100 and retained earnings of $5,510,900 at December 31, 2020. Wildhorse later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $100,450 and $38,500, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold $ $ Corrected 12/31/20 retained earnings