Windsor Enterprises reported cost of goods sold for 2020 of $1,298,600 and retained earnings of $4,941,400 at December 31,2020 Windsor later discovered that its ending inventories at December 31,2019 and 2020 , were overstated by $119,050 and $32,440. 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 $