*Drop down menu options are: understated, overstated

Van Dyke Pool Supplies' merchandise inventory data for the year ended December 31' 2015, follow: a [Click the icon to view-the inventory data.) Requirements 1. Assume that the ending merchandise inventory was accidentally overstated by $2200. What are the correct amounts for cost of goods sold and gross prot? 2. How would the inventory error affect Van Dyloe Pool Supplies'cost of goods sold and gross orotforthe year ended December 31. 201 , if the error is not corrected in 2015? Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $2,200 What are the conect amounts for cost of goods sold and gross prot? Cost of goods sold in 2015 would be $ What is the correct amount of gross prot? Gross prot in 2015 would be S Requirement 2. How would the inventoryr error affect Van Dylne Pool Supplies' cost ofgoods sold and gross orotforthe year ended December 31. 201 B, ifthe error is not corrected in 2015? Cost of goods sold 2015 would be I by 5D. How would the inventory error affect Van Dyke Cycles' gross prot for the year ended December 31. 201 a. if the error is not corrected in 2015? Gross prot of 2016 would be 1' by S