CP 6-6 Partial income statements of Lilydale Products Inc. are reproduced below: Sales Cost of Goods Sold 2019 $30,000 20,000 2020 $40,000 23,000 2021 $50,000 25,000 $10,000 $17,000 $25,000 Required: 1. Calculate the impact of the two errors listed below on the gross profit calculated for the three years: a. The 2019 ending inventory was understated by $2,000. b. The 2021 ending inventory was overstated by $5,000. 2. What is the impact of these errors on total assets