blossom corporationCurrent Attempt in Progress

Blossom Corporation incorrectly recorded $$25,100$ of goods held on consignment for another company as a purchase on account

during the year ended December $31,2024.$ The physical inventory count, which included the consigned goods, agreed with the

perpetual inventory accounting records at year end. What effect, if any, will this error have on total assets, liabilities, and

shareholders' equity at December $31,2024,$ assuming the company does not detect this error before year end?

Total assets

$

Total liabilities

$

Shareholders' equity

$