Bienvenu Enterprises reported cost of goods sold for 2025 of $1,400,000 and retained earnings of $5,200,000 at December 31, 2025. Bienvenu later discovered that its ending inventories at December 31, 2024 and 2025, were overstated by $110,000 and $35,000, respectively. Determine the corrected amounts for 2025 cost of goods sold and December 31, 2025, retained earnings.