D Question 7 3.5 pts In the year 2021, the auditors discovered that goods costing $25 million that were purchased in December of 2020 were recorded for $20 million. The goods were properly measured in the December 31, 2020, ending physical inventory. In 2020, choose whether each account below is understated (U), overstated (O), or there is no effect (NE). Beginning [Select) inventory U Cost of o goods NE sold Ending [Select] inventory Net [Select ] income > > Purchases (Select ] Retained earnings [Select]