Concord Supply Company reports net income of $105,600 in 2023 . The ending inventory did not include goods valued at $7.920 that Concord 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 inventoryis: bys . cost of goods sold will be (2) What is the correct net income for 2023 ? The correct net income is 5 (3) What lempact will this error have on the batance sheet at December 31,2023? On the balance sheet, bothinventory and retwined eamings wiv be