Bienvenu Enterprises reported cost of goods sold for 2012 of$1792000 and retaine

Bienvenu Enterprises reported cost of goods sold for 2012 of$1792000 and retained earnings of $6656000 at December 312012. Bienvenu later discovered that its ending inventories atDecember 31 2011 and 2012 were overstated by $140800 and$57600 respectively. Determine the corrected amounts for 2012cost of goods sold and December 31 2012 retainedearnings.