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5 A company understated its ending Inventory balance by $6,000 in 2021. What impact will this error have on total assets and retained earnings in

5 A company understated its ending Inventory balance by $6,000 in 2021. What impact will this error have on total assets and retained earnings in 2021 and 2022 (ignoring tax effects)? 2021 8 013007 Total assets Retained earnings PI 2022 Total assets Retained earnings

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