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Does the error cause net income for 2020 to be overstated, understated, or no effect? Overstatement of ending inventory overstated Overstatement of purchases understated Wages

Does the error cause net income for 2020 to be overstated, understated, or "no effect"? Overstatement of ending inventory overstated Overstatement of purchases understated Wages payable were not recorded at 12/31/2020 [Choose] Equipment (with a useful life of 5 years) was purchased and expensed in 2017 [Choose Equipment purchased in 2020 was expensed [ Choose no effect overstated understated

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