View Policies Current Attempt in Progress Tamarisk Enterprises reported cost of goods sold for 2022 of $1,540,000 and retained earnings of $5,720,000 at December 31, 2022. Tamarisk later discovered that its ending inventories at December 31, 2021 and 2022, were overstated by $121,000 and $38,500, respectively. Determine the corrected amounts for 2022 cost of goods sold and December 31, 2022, retained earnings. Corrected cost of goods sold $ Corrected 12/31/22 retained earnings $