Calculator If Diamond, Inc. overstates its ending Inventory balance for 2018 by $10,000 and understates its ending inventory balance for 2017 by $5,000 what are the effects on its net income for 2018 and 2017 if either error is corrected? Effect on 2018 Net Income Oa. Overstated by $15,000 b. Overstated by $10,000 Oc Overstated by $15,000 d. Understated by $5,000 Effect on 2017 Net Income Understated by $10,000 Understated by $5,000 Understated by $5,000 Overstated by $10,000