During the taking of its physical inventory on December 31, 20Y3, Corbin Company incorrectly counted its inventory as $131,375 instead of the correct amount of $144,515. Indicate the effect of the misstatement on Corbin's December 31, 20Y3, balance sheet or income statement for the year ended December 31 , 20Y3. For each, select if the amount is overstated or understated. Then, input the over or under amount, entered as a positive value