+ Ch 08: Homework - REVISED Question 3 of 11 -/1 View Policies Current Attempt in Progress Concord Enterprises reported cost of goods sold for 2020 of $1,371,500 and retained earnings of $5,442,800 at December 31, 2020. Concord later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $ 109,170 and $35,290, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings. Corrected cost of goods sold $ Corrected 12/31/20 retained earnings $ rd