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Sheffield Enterprises reported cost of goods sold for 2017 of $1,474,700 and retained earnings of $5,621,900 at December 31, 2017. Sheffield later discovered that its ending inventories at December 31, 2016 and 2017, were overstated by $109,760 and $36,670, respectively. Determine the corrected amounts for 2017 cost of goods sold and December 31, 2017, retained earnings. Corrected cost of goods sold Corrected 12/31/17 retained earnings 900ds