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4 If ending inventory is understated by $6,000 at December 31, 2021, and assuming an income tax rate of 40%, then the balance of

4 If ending inventory is understated by $6,000 at December 31, 2021, and assuming an income tax rate of 40%, then the balance of retained earnings at December 31, 2022 O a will be understated by $3,600 O b. will be overstated by $3,600. Oc. will be overstated by $2,400. Od. will be understated by $2,400 O e. will not be affected.

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