While performing a detailed review of its financial records, Doors Unlimited noted the following ending inventory errors:

Required:
Calculate the corrected ending inventory and cost of goods sold amounts for each year by completing the following schedule:

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2014 2015 2016 Understated $52,000 Overstated $14,000 No errors 2014 345,000 420,000 S 392,000 340,000 2015 2016 Ending inventory as reported Cost of goods sold as reported.1,300,000 Net income as reported 1,750,000 2,100,000 652,000 516,000 2014 2015 2016 Corrected ending inventory Corrected net income....