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Coronado Enterprises reported cost of goods sold for 2025 of $1,486,500...

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Accounting

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Coronado Enterprises reported cost of goods sold for 2025 of $1,486,500 and retained earnings of $5,034,000 at December 31,2025 . Coronado later discovered that its ending inventories at December 31,2024 and 2025 , were overstated by $119,890 and $32,360, respectively. Determine the corrected amounts for 2025 cost of goods sold and December 31, 2025, retained earnings. Corrected cost of goods sold $ Corrected 12/31/25 retained earnings $

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