During the taking of its physical inventory on December 31, 20Y7, Combine Engine Company incorrectly counted its inventory as $274,100 instead of the correct amount of $270,700. Indicate the effect of the misstatement on Combine Engine's December 31, 20Y7, balance sheet and income statement for the year ended December 31, 20Y7. Also record the amount of each overstatement or understatement. Enter all amounts as positive numbers. Merchandise inventory $fill in the blank 3 Current assets $fill in the blank 6 Total assets $fill in the blank 9 Owner's equity $fill in the blank 12 Cost of merchandise sold $fill in the blank 15 Gross profit $fill in the blank 18 Net income