Skysong, Inc. reported cost of goods sold as follows. 2017 2016 Beginning inventory $ 29,810 $ 18,310 Cost of goods purchased 166,280 156,180 Cost of goods available for sale 196,090 174,490 Less: Ending inventory 36,960 29,810 Cost of goods sold $159,130 $144,680 Skysong, Inc. made two errors: 1. 2016 ending inventory was overstated by $2,050. 2. 2017 ending inventory was understated by $5,000. Compute the correct cost of goods sold for each year.