Answer Choices: (Be Overstated) (Be Understated) & (Not Be Affected)

Please answer the following question correctly, I will rate thanks!

Assume that due to an error during the count of its physical inventory, a company overstated the cost of its ending inventory at the end of 20X5. As a result of this error, indicate how each of the following items are affected on the company's 20X5 income statement and balance sheet. Its net income for 20X5 will: Choose Its cost of goods sold for 20X5 will Choose Its ending retained earnings balance for 20X5 will: Choose