ABC Inc. had the following inventory misstatements as at the end of its 2019 and 2020 fiscal years: End of year 1: Inventory Overstated by $350,000 End of year 2: Inventory Understated by $200,000 As a result of the above, ABC's Year 2 Cost of Goods sold was: O a $200,000 Overstated. O b. $550,000 Overstated. O c. $350,000 Overstated. d. $150,000 Understated