+ Assignment #3 Question 4 of 4 1.25/5 E Concord Hardware Limited reported the following amounts for its cost of goods sold and Inventory: 2021 2020 $ 168,200 $ 153,200 Cost of goods sold Ending inventory 37,200 29.700 2021 2020 Cost of goods sold $ 168,200 $ 153,2 Ending inventory 37,200 29,7 Concord made two errors in 2020. It recorded a $ 4,200 inventory purchase in transit at the end of 2020 that was shipped FOB destination and included this amount in ending inventory. Also during the year-end inventory count, staff forgot to count $5,000 of ending inventory that was on hand. No one discovered these errors in 2020. Calculate the correct ending inventory and cost of goods sold amounts for each year. 2021 2020 Ending inventory $ 37200 $ 30500 Cost of goods sold $ $ 173200 $ $ 148200 (1) Cost of goods sold $ $ (2) Income before income tax $ (3) Assets $ $ (4) Liabilities 0 $ (5) Total shareholders' equity $ $