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Ayayai Supply Company reports net income of $144,000 in 2023 . The ending inventory did not include goods valued at $10,800 that Ayayai Supply had

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Ayayai Supply Company reports net income of $144,000 in 2023 . The ending inventory did not include goods valued at $10,800 that Ayayai Supply had consigned to Staples. (For question answer please scroll far right) (1) What impact will this error have on the income statement for 2023 ? If ending inventory is by $ , cost of goods sold will be and net ir (2) What is the correct net income for 2023 ? The correct net income is $ (3) What impact will this error have on the balance sheet at December 31, 2023? On the balance sheet, both inventory and retained earnings will be by $

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