help and show step by step how to solve please. the bottom two were wrong .

Errors in Inventory Counts The following information was taken from the records of Taylor Enterprises: 2013 2012 Beginning inventory $130,000 $120,000 Cost of goods purchased 490,000 470,000 Cost of goods available for sale 620,000 590,000 Ending inventory 125,000 130,000 Cost of goods sold $495,000 $460,000 The following two errors were made in the physical inventory counts: 1.2012 ending inventory was understated by $17,000. 2.2013 ending inventory was overstated by $12,000. Compute the correct cost of goods sold for both 2012 and 2013. 2013 2012 Cost of goods sold $ 147,000 $ 12,000