ent BACK NEXT MESSAGE NY INSTRUCTOR FULL SCREEN PRINTER VERSION Indigo Hardware Umited reported the following amounts for its cost of goods sold and Inventory: 2018 2017 Cost of goods sold $167,500 $155,500 Ending Inventory 37,700 29,500 Indigo made two errors: (1) ending inventory for 2018 was overstated by $2,200 and (2) ending inventory for 2017 was understated by $3,800. Assume that neither error has been found or corrected your answer is partially correct. Try again. Calculate the correct ending inventory and cost of goods sold amounts for each year. 2018 2017 Ending inventory 35500 38300 Cost of goods sold 151700 Your answer is partially correct. Try again Describe the most of the error on (1) cost of goods sold, (2) income before income tax, (3) assets, (4) abrities, and (5) total shareholders' equity for each of the two years