Indicate the effect—understated (U), overstated (O), or no effect (NE)—that each of the following errors has on 2019 net income and 2020 net income: 

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2019 2020 Wages payable were not recorded at Dec. 31, 2019. Equipment purchased in 2018 was expensed. Equipment purchased in 2019 was expensed. Ending inventory at Dec. 31, 2019, was overstated. Patent amortization was not recorded in 2020.