6 Assume the prior year ending inventory was understated by $50,000. How would this error affect the prior year and current year pretax income amounts. What would be the effects if the prior year ending inventory were overstated by $50,000 instead of understated? Also, indicate the effect of these errors on total pretax income for the two years. 10 points Effect Prior Year Pretax Income Current Year Pretax Income Total Pretax Income for the Two years Prior Year Ending Inventory Understated $50,000 Overstated $50,000 eBook Print Understated $50,000 Overstated $50,000 References No effect