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Bella Ltd. is a calendar-year corporation. Bella uses a periodic inventory system. Its financial statements for 2020 contained errors as follows Ending inventory Depreciation

Bella Ltd. is a calendar-year corporation. Bella uses a periodic inventory system. Its financial statements for 2020 contained errors as follows Ending inventory Depreciation expense By how much will net income for 2020 be over or understated? Select one. OA. $6,000 overstated OB. $2,000 understated OC. $4,000 overstated OD. $6,000 understated OE. There is no effect on net income. 2020 $4,000 overstated $2,000 understated

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