Whispering Enterprises reported cost of goods sold for 2020 of $1,515,400 and retained earnings of $4,687,300 at December 31, 2020. Whispering later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $107,670 and $36,850, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold   $enter a dollar amount  Corrected 12/31/20 retained earnings   $enter a dollar amount

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