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Can someone please help me? Please show detailed work, I'm stuck. A small company's accountant never learned the meaning of FOB Shipping Point and FOB

Can someone please help me? Please show detailed work, I'm stuck. image text in transcribed

A small company's accountant never learned the meaning of FOB Shipping Point and FOB Destination. Consequently, the company determined its ending inventory balance in 2017 was understated by $6,000. What is the effect of this error on Net Income for 2017 and 2018 and Shareholder's Equity for 2018? (State the amount and whether NI SHE was understated or overstated or no effect.) Effect on 2017 Net Income: Effect on 2018 Net Income: Effect on 2018 Shareholders' Equity

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