Please answer ASAP!

(1) The Finish Line Inc. reported the following items in its fiscal 2012 financial report (S in millions). 2012 $1,443 2011 $1,369 Cost of goods sold: Beginning Inventory 220 983 1,203 244 194 915 1,109 220 Goods Available for Sale Less: Ending Inventory Cost of goods sold 959 889 Gross Profit 484 480 Assume that counting errors caused the ending inventory in 2011 to be understated by $50 and the ending inventory in 2012 to be overstated by $50. Compute the impact of these errors on cost of goods sold for the year ending Dec 31 2011, and on the inventory balance as of Dec 31,20 a. b. Compute the impact of these errors on cost of goods sold for the year ending Dec 31 2012, and on the inventory balance as of Dec 31, 2012. What is the impact of these errors on cost of goods sold over the two-year period ended Dec 31, 2012? c