An examination of the records of Moran Company revealed that goods costing \\( \\$ 1,000 \\) were received on December \\( 31,2020 \\). The purchase invoice for these goods was not received until January 4, 2021, at which time the purchase and related liability were recorded. Moran Company incorrectly excluded the cost of the goods from its December 31, 2020 inventory. Indicate whether the following financial statement items were understated \\( (U) \\), overstated \\( (O) \\), or not misstated \\( (N) \\) for the years 2020