Bramble Corp.reported these income statement data for a 2-year period. 2022 2021 Sales revenue $256,200 $223,560 Beginning inventory 39,920 212,930 33.610 173.280 Cost of goods purchased Cost of goods available for sale Less Ending inventory 252,860 57,060 195,000 206,870 39.930 Cost of goods sold 166.940 Gross profit $60,400 $56,620 Bramble Corp. uses a periodic inventory system. The inventories at January 1, 2021, and December 31, 2022, are correct. However, the ending inventory at December 31, 2021, is overstated by $7,670. Prepare correct income statement data for the 2 years. 2021 Sales Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold Gross profit e Textbook and Media What is the cumulative effect of the inventory error on total gross profit for the 2 years? The cumulative effect on total gross profit for the two years is $