(Accounting) Only answer if you know how to do this correctly. Correct answers will get

Grandma Kate Bakery reported net sales revenue of $33,000 and cost of goods sold of $19,000. Compute Grandma Kate's correct gross profit if the company made either of the following independent accounting errors. a. Ending merchandise inventory is overstated by $5,000. b. Ending merchandise inventory is understated by $5,000. Cost of Goods Sold and Gross Profit Corrected for the Error Ending Merchandise Inventory: (a) Overstated (b) Understated by $5,000 by $5,000 As Reported- Incorrect 33,000 $ 33,000 Net sales revenue Cost of goods sold 33,000 $ 19,000 Gross profit