MarthaAunt Martha Bakery reported net sales revenue of $ 55 comma 000$55,000 and cost of goods sold of $ 20 comma 000$20,000. Compute Aunt Martha'sAunt Martha's correct gross profit if the company made either of the following independent accounting errors. a.Ending merchandise inventory is overstated by $ 5 comma 000$5,000. b.Ending merchandise inventory is understated by $ 5 comma 000$5,000. Question content area bottom Part 1 Cost of Goods Sold and Gross Profit Corrected for the Error Ending Merchandise Inventory: As Reported Incorrect (a) Overstated by $5,000 (b) Understated by $5,000 Net sales revenue $55,000 $55,000 $55,000 Cost of goods sold 20,000 Gross profit