Cullumber Beauty Inc. is a calendar-year corporation. Its financial statements for the years 2026 and 2025 contained errors as follows: Ending inventory 2025 Financial Statements a. Cost of goods sold $13,400 overstated What will be the impact on the 2025 financial statements? Will these items be overstated or understated and by how much? What will be the impact on the 2026 financial statements? Will these items be overstated or understated as compared to actual results? By how much? b. Income before taxes c. Retained earnings 2026 Financial Statements $ d. Cost of goods sold $ e. Income before taxes f. Retained earnings 2026 $ $ $25,000 overstated 250000 250000 250000 13400 2025 13400 13400 understated overstated overstated overstated understated overstated