94. The accountant for Suzanne Company made the following errors related to inventory in 2015: 1. The beginning inventory for 201 Swas overstated by $1315 due to an error in the physical count. 2. A $1650 purchase ofmerchandise on credit in 2015 was not recorded or included in the ending inventory. Assuming a periodic inventory system, how would Sue's cost of goods sold, gross prot, and net income be affected in 2015 by these errors? 92W liml m I. Overstated Understated Understated II. Overstated Understated No effect III. Understated Overstated Overstated IV. No effect No eect No effect